XRP continues to struggle in its attempt to break past the $3.00 mark. Despite several efforts, the altcoin has repeatedly failed to sustain an upward move.
Investor support remains weak, with neither existing holders nor new participants contributing enough momentum to fuel a breakout above critical resistance levels.
XRP Investors Remain Skeptical
Network data highlights declining interest from new participants. The number of new addresses, measured by first-time transactions, has dropped near a two-month low. This slowdown signals reduced activity from fresh investors, limiting the inflow of new capital into XRP and contributing to the asset’s ongoing stagnation.
Without a steady supply of new addresses, XRP faces reduced demand pressure. The lack of new investor participation makes it difficult for the altcoin to generate strong upward momentum.
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The broader macro momentum for XRP shows similar weakness. The Chaikin Money Flow (CMF), a metric tracking capital inflows and outflows, has dropped to a nine-month low. This decline confirms that outflows are currently overwhelming inflows, a bearish sign for the cryptocurrency’s short-term outlook.
With existing investors reducing activity and new participants absent, XRP’s capital pool is shrinking. The lack of buying pressure has amplified the recent downtrend, preventing the asset from establishing sustainable support levels.
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Author: Aaryamann Shrivastava
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