What’s next for Ripple (XRP) Price? A significant decline in XRP development activity has been observed, with a tenfold decrease over ten days. This raises concerns regarding ongoing interest and innovation within the XRP ecosystem. Furthermore, daily active addresses associated with XRP have fallen by 20% in the past week.

This reduction in user engagement could potentially exert downward pressure on the XRP price. Finally, technical analysis based on Exponential Moving Averages (EMA) charts suggests the formation of a bearish signal.

Development Activity Is Declining Heavily

Traditionally, a robust development ecosystem strongly correlates with a cryptocurrency’s price. This holds true for XRP as well. On March 13, XRP’s development activity reached its highest level since November 2023, clocking in at 13.18. This surge in activity could be interpreted as a surge in investor interest and confidence in the project’s future.

However, a concerning trend emerged shortly thereafter. Development activity steadily declined, reaching its lowest point in two weeks. This could potentially signal a shift in developer focus or a slowdown in innovation within the XRP ecosystem.

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Author: Tiago Amaral

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