XRP is stagnant as user and whale activity hits the lowest point since 2024.
Developer activity is surging with new DeFi protocols, but technicals show XRP lacks bullish momentum.
Ripple (XRP) is in a state of stagnation, with a slight decline in price as network activity diminishes.
Although the slight increase in developer participation brings a glimmer of hope, chain and technical indicators point to a decline in momentum.
The network's pace of decline as user and whale activity drops
XRP's recent price stagnation reflects a broader decline on the XRP Ledger.
According to Santiment, daily active addresses have dropped to just over 40,000 – a significant decrease from the peak of 612,000 in March.
Whale activity has also declined, with large transactions over $100,000 dropping sharply by one third from the peak in March. The sudden contraction in user and whale engagement marks the weakest point of the network since November 2024.
Source: Santiment
The growth of developer activity
Although on-chain fundamentals are weakening, developer activity on the XRP Ledger has surged.
Data from GitHub shows a 196% increase in contributions over the past 30 days — a strong indicator that momentum is quietly building.
This increase coincides with the launch of two new protocols, Vaultro Finance and XpFinance, both launched on May 5.
Their emergence indicates a growing appetite for DeFi infrastructure on the XRPL. Meanwhile, Ripple's recent acquisition of prime brokerage firm Hidden Road signals deeper institutional ambitions.
XRP struggles in a narrow range
At the time of writing, XRP is in a narrow range, just above the lower Bollinger band and below the 20-day moving average.
The RSI is at 42.83, indicating weak momentum, approaching the overbought threshold without triggering a recovery. Volume remains quiet, reinforcing the lack of buying determination.
Source: TradingView
Since the beginning of April, the token has failed to break past the resistance level of $2.30 or find strong support below $2.00 – a period of indecision.
Until investors break away from the Bollinger average, XRP is likely to remain stagnant, with a risk of decline if overall sentiment worsens.
Source: https://tintucbitcoin.com/xrp-tri-tre-duoi-230-usd-co-hoi-tu-hoat-dong-phat-trien/
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