Key Takeaways
- The XRP daily volume and active addresses on the XRP ledger saw a 50% drop as the price struggled to defend $3 support.
- The XRP price trades below its 50-day EMA, which suggests that it could attempt to bounce from a 200-day EMA corresponding to key support.
- Based on market sentiment, the DeepSeek AI tool predicts that the XRP price will hit $20 by the end of 2025.
The past few weeks have been filled with a rollercoaster of trading emotions with the crypto market struggling to find a precise direction; Bitcoin and altcoins like XRP found themselves at a crossroads of price range, with prices stalking from going to the upside or downside.
This price uncertainty in the crypto market has not been taken lightly, as it has affected the volume and active actresses of XRP, the top-performing crypto asset in the past three months. The price of XRP trades around its key support of $3.
With the price of XRP struggling to find volume and a reduction in activities in its ecosystem, what could this mean for the price and its price prediction for 2025, as crypto expects to have high expectations for this crypto asset?
XRP Volume And Active Address Drops By 50%
Source – XRP Daily Active Address And Volume From Santiment
According to Santiment on-chain data and performance activities on the XRP ledger, trading volume and active addresses have dropped by over 50% in the past few days despite XRP holding strong above $3. The price could face a significant decline if it closes below its key support zone.
Altcoins such as SOL, ADA, and DOGE have all experienced drastic drops in volume and active addresses across the crypto market. A key factor to note about these drops in active address and volume is that the price of XRP has remained strong and stable above $3 but could face a sell-off into the demand zone of $2.5 in the coming days to weeks.
Technical Analysis For XRP – DeepSeek XRP Price Prediction
Source – XRP 4H Price Chart From TradingView
Chinese AI tool DeepSeek has dropped its XRP price prediction based on market sentiment and adoption in the past few months, as the AI tool has predicted the price of XRP could hit $20 by the end of 2025. While this is possible for XRP, the price of XRP could reach this height with mass adoption from retailers and institutions, which could pull this off.
The price of XRP has the potential to trade within a region of $5 to $7 based on its historical price and market relevance in the past couple of months. However, XRP is currently struggling to hold its price above $3 as the crypto market experiences a lack of activities to fuel the price to the upside.
With the current lack of volume and trading activities on its network, the price of XRP could retest its key support of $2.6. This could be followed by strong upward price action towards its yearly high and possible trading above $4, hitting a key milestone for its holders.
The price of XRP currently trades below its 50-day Exponential Moving Average (EMA) as the price could retest its 200-day EMA acting as support and corresponding to its strong technical support of $2.6.
