XRP faces multiple pressures recently, with market sentiment remaining weak.

On-chain data was the first to signal trouble. Over the past seven days, the number of daily active addresses on the XRP network dropped from 46,000 to 38,500, a decline of over 16%. This indicates a significant withdrawal of real participants. When network activity contracts, it often signals waning investment enthusiasm and shaken confidence among long-term holders.

The actions of large holders are even more direct. Data shows that over 40 million XRP have been concentrated and sold off by whales in recent days. Large capital outflows are rarely coincidental—they often reflect a pessimistic outlook on the market. When whales are reducing their holdings while retail investors are still waiting for a rebound signal, this misalignment is inherently risky.

From a technical perspective, XRP is currently oscillating around $1.90, with $1.77 serving as a critical support level. If this line is broken, the next buffer zone is around $0.80. The RSI indicator reads 41.74, approaching the oversold boundary, indicating that selling pressure has temporarily eased but room for further decline remains limited. More concerning is the Bollinger Bands trend—price has already approached the lower band, which typically suggests an increased likelihood of further downward movement.

The current situation is: declining network activity, continued large holder sell-offs, and weakening technical indicators. If these signals do not reverse, XRP will find it difficult to gain upward momentum in the short term. Investors should closely monitor whether the $1.77 support level holds and whether on-chain data shows signs of improvement.