XRP Drops to $1.46 Despite Strengthening Network Activity

XRP declined to $1.46, extending its losses to more than 8% from the weekly high of $1.60, as broader crypto markets moved lower amid rising geopolitical and macroeconomic pressure. The sell-off came as Bitcoin slipped below key support levels, fueling fears of a deeper correction, while investor sentiment weakened following rising oil prices linked to escalating tensions in the Middle East, including Israel’s strike on Iran’s South Pars gas facility. At the same time, recent comments from Jerome Powell reinforced a cautious stance on interest rate cuts, with the Federal Reserve signaling a data-driven approach due to persistent inflation, adding further pressure on risk assets like cryptocurrencies.

Bullish Signals Emerge Beneath the Surface

Despite the short-term decline, XRP’s underlying network metrics show notable strength. The total number of wallet addresses has reached a record 7.7 million, reflecting continued adoption even during price volatility, while daily active addresses climbed to a five-week high, indicating growing network participation. Additionally, large holders have reportedly shifted into an accumulation phase after a prolonged period of distribution, a pattern that often precedes broader market recoveries as retail investors follow institutional flows.

From a technical perspective, XRP is forming an Adam and Eve pattern on the daily chart, a structure often associated with bullish reversals. While the price recently failed to hold above the $1.60 neckline, momentum indicators suggest that buying pressure may be gradually building, with moving averages nearing a bullish crossover and MACD trending upward. A move above the $1.50 resistance could open the path toward reclaiming $1.60 and potentially targeting $1.70. However, a drop below $1.44 would invalidate the bullish setup and signal continued downside risk in the near term.