XRP price remains stable around $1.44, with a daily gain of only 0.28%, while trading volume is maintained at $1.86 billion. Analyst Joao Wedson believes that XRP may not have yet reached its cycle low, suggesting that there is still room for further price decline. Network activity shows strong growth with daily transaction volume approaching 3 million transactions, but this growth has not translated into price appreciation. Retail participation has increased, with the number of wallets holding less than 100 XRP reaching a record 5.6 million, while the number of whale addresses has declined. Derivatives data indicate market caution, with open interest significantly reduced from earlier highs.
XRP price remains stable around $1.44, with a daily gain of only 0.28%, while trading volume is maintained at $1.86 billion. Analyst Joao Wedson believes that XRP may not have yet reached its cycle low, suggesting that there is still room for further price decline. Network activity shows strong growth with daily transaction volume approaching 3 million transactions, but this growth has not translated into price appreciation. Retail participation has increased, with the number of wallets holding less than 100 XRP reaching a record 5.6 million, while the number of whale addresses has declined. Derivatives data indicate market caution, with open interest significantly reduced from earlier highs.