Crypto News
XRP is trading near $1.38, a level that sits roughly 62% below its July 2025 all-time high of $3.65, and the chart is starting to look more like a descending channel than a consolidation base. Daily active wallet addresses on the XRP Ledger have slid from 22,054 twelve months ago to 13,684 as of late April — a 38% drop in active participation, with new wallet creation slowing alongside it.
Why it matters
Trading volumes on the XRP Ledger have compressed in tandem, which suggests the network isn't pulling in fresh capital at anywhere near its prior pace. A prolonged risk-off environment has weighed on altcoins disproportionately, and XRP's history of violent drawdowns is doing most of the talking in trader conversations right now. Some analysts still anchor a long-term $10-by-2030 thesis to Ripple's expansion and institutional positioning, but near-term momentum is not cooperating with that view.
Market impact
Key support is identified at $1.20, with the next major support zone at $1.00 — a psychologically significant threshold that also aligns with where XRP spent the bulk of its existence before the 2021 run. RSI conditions appear weak, consistent with a market lacking bullish conviction, and volume has not confirmed any meaningful recovery attempt, which typically indicates sellers still control price discovery at these levels. The setup essentially frames the next move as a binary: a defended $1.00 floor opens the door to a structural recovery attempt, while a clean break below it invites a much uglier repricing of the 2025 highs.
Frequently asked questions
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Where is XRP trading right now and how far is it from its all-time high?
XRP is trading near $1.38, roughly 62% below its July 2025 all-time high of $3.65. The price action has taken the form of a descending channel rather than a consolidation base.
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What do on-chain metrics on the XRP Ledger show?
Daily active wallet addresses on the XRP Ledger have dropped from 22,054 twelve months ago to 13,684 as of late April — a 38% decline in active participation. New wallet creation is slowing and XRPL trading volumes have compressed in tandem, indicating a drop in fresh capital inflows.
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What are the key support levels analysts are watching?
Key support is identified at $1.20, with the next major support zone at $1.00. The $1.00 mark is psychologically significant and aligns with the price band where XRP spent the majority of its existence before the 2021 cycle.
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What does the technical picture suggest about near-term momentum?
RSI conditions appear weak, consistent with a market lacking bullish conviction, and volume has not confirmed any meaningful recovery attempt. Together these signals typically indicate sellers remain in control of price discovery at current levels.
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Is there a long-term bull case for XRP despite the bearish setup?
Ripple's ongoing expansion efforts and institutional positioning provide a longer-term floor argument, and some analysts still project targets around $10 by 2030 under favorable conditions. The tension is between that multi-year thesis and the deteriorating near-term on-chain and price structure.
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