| Cryptocurrency | Price (USDT) |
|---|---|
| BTC | $107359.0900000000 |
| ETH | $2439.6590000000 |
| BNB | $648.9497700000 |
| XRP | $2.1848380000 |
| ADA | $0.5663869000 |
| SOL | $151.0604000000 |
| DOGE | $N/A |
| DOT | $3.4147100000 |
| LTC | $86.1575000000 |
| LINK | $13.4267100000 |
Category: CRYPTO NEWS
The post XRP Faces Declining Activity and Resistance Post-Lawsuit Dismissal as Market Sentiment Wavers appeared on BitcoinEthereumNews.com. Ripple’s XRP experienced a fleeting boost in network activity following a recent legal victory, but the enthusiasm appears to be waning. The SEC lawsuit dismissal sparked initial optimism, yet XRP’s momentum has significantly slowed alongside a decrease in whale investments. According to Glassnode, the spike in active addresses was short-lived, declining sharply from its post-ruling peak, showcasing potential market hesitations. Ripple’s XRP saw a temporary surge in network activity after a legal victory, but recent data show a concerning decline in both interest and whale transactions. XRP Activity Slumps as Post-Lawsuit Hype Fades Following the U.S. SEC’s dismissal of its lawsuit against Ripple on the 19th of March, XRP saw a sharp spike in network activity, with active addresses hitting a year-to-date high of 626,854. However, fresh data from Glassnode reveals that this surge was short-lived. Source: Glassnode The chart reveals that XRP’s active address count reached its peak on March 19 but has since sharply declined. By the 23rd of March, activity fell to approximately 50,000 addresses, a level not observed in over a month. This significant drop indicates that the excitement from the legal victory did not lead to sustained adoption or buying momentum. The pattern of rapid spikes followed by swift declines suggests speculative trading rather than consistent long-term accumulation, raising doubts about XRP’s underlying demand. Whale Activity Remains Subdued XRP experienced a short-lived surge in network activity after the SEC lawsuit dismissal, but large investors seem hesitant to engage. Santiment’s on-chain data shows a notable increase in whale transactions from the 19th to the 20th of March, aligned with the market’s initial response to the lawsuit resolution. However, whale activity has since declined. The absence of consistent large transactions indicates that major investors are neither accumulating nor offloading XRP significantly. Source: Santiment After the 21st of…
2025-03-26T02:45:10+00:00