YEREVAN (CoinChapter.com) —XRP price is trading at $2.4682, just below the key XRP resistance level of $2.56. The token has failed to break this level multiple times in March. The current range between $2.27 and $2.56 continues to cap movement on both sides.
The Relative Strength Index (RSI) stands at 62.95, nearing the overbought zone. This shows some buying pressure but not enough to confirm a breakout. The RSI’s 14-day moving average is 53.13, staying neutral.
The 50-period Moving Average is now acting as short-term support. It is positioned around $2.3874, close to the lower end of the range. Price candles have been hovering slightly above this average since March 21, showing limited but steady demand.
Volume remains muted, with the most recent 4-hour candle showing 14.36M in trading volume. This volume is lower than the spikes seen in early March, which suggests that market participation is weaker.
The range between $2.27 and $2.56 continues to define XRP’s local structure. Buyers have tested the upper boundary but failed to push above it. The resistance zone at $2.56 remains firm. Until a clear breakout, price is likely to remain inside this channel.
If sellers gain momentum, XRP support level at $2.3874 may be tested again. A drop below that level could bring the price closer to $2.27, and if that breaks, $2.14 comes into view. That would undo a large part of the recent rebound from the $2.00 level.
On the other hand, any strong movement above $2.56 would shift this short-term trend. But for now, the XRP price continues its sideways movement under tight technical pressure.
XRP Network Growth Slows Down
XRP network growth has dropped to a 4-month low. Fewer new addresses are joining the network, according to data from Santiment. This decline shows weak traction across the XRP ecosystem.
Network growth measures how fast a cryptocurrency attracts new participants. A drop in this metric reflects limited new interest. In XRP’s case, lower address creation signals that new users are not entering the network.
This trend points to weaker activity. As fewer addresses join, overall transaction potential also falls. Without strong participation, the price often struggles to move higher.
XRP New Investor Rate Falls
The XRP new investor rate has also dropped to a 4-month low. This confirms the slowdown in network expansion. New wallets are not being created as frequently as before.
This low rate shows that XRP is drawing less attention from first-time users. A lower number of new investors reduces trading activity and lowers demand.
With fewer investors entering the market, price movements become limited. The drop in investor rate adds more pressure on the token’s current performance.
XRP NVT Ratio Reaches 5-Year High
The XRP NVT ratio has reached its highest point in five years, according to Glassnode. The last time it hit this level was in January 2020. This ratio compares market value to transaction volume.
A high NVT ratio shows that XRP’s market value is rising faster than its usage. This suggests that fewer transactions are taking place while the price remains high.
The gap between network activity and valuation signals imbalance. Although XRP holds its price range, network use is not increasing at the same pace.
