XRP Struggles Below $2.00 as Network Activity Stays Weak

XRP is under pressure, staying below $2.00 as its downtrend continues for several weeks. Short periods of optimism have not been enough to push it higher. Traders are watching to see if it can find stability or if weak markets will keep it limited.

XRP Whales Behaviour

HODL Waves data shows a small but clear change in XRP ownership. Holders keeping XRP for one to two years have increased their share by about 3% since early December. They now control roughly 11% of circulating XRP, showing more patience during weak prices.

This trend shows mid-term holders becoming long-term investors. It can be seen as a sign of confidence, with holders willing to tolerate short-term drops in pursuit of long-term gains. A large portion still faces losses, having entered the market at higher prices and awaiting improved conditions.

The market shows loyalty and stability, but without more network activity or trading, the price may not rise much. It provides quiet support, stopping panic selling but not pushing XRP sharply higher.

Current Network Activity

Despite holder confidence, XRP’s on-chain data suggests caution. The network value to transactions ratio recently reached a three-month high, meaning XRP’s price is rising faster than actual transactions. When NVT goes up, it usually shows a gap between price and network use.

Transaction volume on the XRP Ledger has not kept up with price changes, limiting momentum. Without more network activity, recovery attempts may fail to convince traders, making price moves vulnerable to stalling or reversing.

Analysts compare this to a train running low on fuel. It can move forward for a while, but it cannot keep speed without ongoing input. For XRP, network activity is the fuel, and it is currently low.

XRP Price Outlook

XRP is trading around $1.86 now, still below the key $2.00 level it lost last week. It couldn’t break a month-long downtrend earlier this month, and momentum remains weak. The $1.85 support level is holding for now, but more selling could drag prices lower.

A short-term rebound depends on market trends and network activity. If XRP rises above $1.94, it could move toward $2.00, and breaking $2.02 might take it to $2.20. Until then, it may stay between $1.85 and $1.94.

What to Expect from XRP?

Currently, XRP is trading below $2.00, with holders staying patient and network activity low. Its immediate direction is unclear, with chances of gradual recovery if activity rises or further losses if sentiment weakens. Short-term growth will likely depend on higher transaction activity and market stability.