XRP is trading sideways as user and whale activity hits the lowest levels since 2024.
Developer activity has surged with new DeFi protocols, but the technicals suggest XRP lacks upward momentum.
Ripple (XRP) is in a state of stagnation, with a slight price drop as network activity declines.
Although the slight increase in developer participation brings a glimmer of hope, chain and technical indicators suggest a decrease in momentum.
Network pace declines as user and whale activity decreases
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 sharp decrease from the peak of 612,000 in March.
Whale activity has also decreased, with large transactions over $100,000 falling sharply by one-third from the highs in March. The sudden contraction in user engagement and whale activity marks the weakest point for the network since November 2024.
Source: Santiment
The growth of developer activity
Despite weakening on-chain fundamentals, 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 of which launched on May 5.
Their emergence indicates a growing appetite for DeFi infrastructure on XRPL. Meanwhile, Ripple's recent acquisition of prime brokerage firm Hidden Road signals deeper institutional ambitions.
XRP struggles within a narrow range
At the time of writing, XRP is within 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, nearing the overbought threshold without triggering a recovery. Volume remains quiet, reinforcing the lack of buying commitment.
Source: TradingView
Since early April, the Token has failed to break through the resistance level of $2.30 or find strong support below $2.00 – a period of indecision.
Until investors break out of the Bollinger average, XRP is likely to trade sideways, with downside risk 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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