- The price of XRP and on-chain activity has been flat despite the tailwind from SEC, leaving its appeal against Ripple.
- The increasing supply of XRP can put pressure down on its price if it fails to demand.
- If it validate the pattern of one head and shoulders, XRP risks to a decline by $ 1.35.
Ripple’s XRP is 7% below Friday after the United States (US) President Donald Trump’s tariff hazards and a recession of macroeconomic factors, including increasing American inflation,, 7% below Friday. If the on-chain activity of the XRP fails to take between its increasing supply, negative pressure may accelerate.
XRP on-chain metrics live in the form of supply spikes
XRP – Like most cryptocurrency – has been greatly affected by Trump’s tariffs in the last weeks, faced by 35% decline from its peak of $ 3.40 in January. This largely opposite its move in the last quarter of 2024 in the last quarter of 2024, where it increased by more than 500%.
The US Securities and Exchange Commission (SEC) declaration also failed to trigger the XRP rally leaving its appeal against Ripple, as prices were flat. The new SEC administration, considering abolishing several legal matters against crypto companies, had already chosen the price of a large scale price.
It is not clear whether the XRP will see similar moves, as was again in the last quarter in the current cycle, given that there is no decline in the coming months to affect its price and its chain-chain activity.
Whale investors have reduced their activity, calculating their transactions with trending towards pre-American election levels.
Counting XRP whale transactions. Source: Santosh
Additionally, in the XRP Exchange Reserve Connens and Opter – which hosts the largest XRP supply – has been quite flat since the beginning of March, which indicates low accumulation or distribution around the tokens.
On the derivative side, the open interest of the XRP is gradually recovering, which is increasing from the monthly low to 1.75 billion XRPs of 1.35 billion XRPs according to co -operative data.
However, the XRP decreases with supply-side pressure, if the demand fails to demand in the coming months. Ripple unlocks 1 billion from its Escro monthly, on average 33% unlocked supply gently kills the market. This is visible in its circulating supply increase in the previous year, which has increased from 54 billion to 58 billion XRP.
XRP circulating supply increase
XRP may fall to $ 1.35 if it validate the head and shoulder pattern
The XRP saw $ 24.89 million in futures liquidity in the last 24 hours according to coating data. The total amount of long and short liquidation was responsible for $ 23.63 million and $ 1.26 million respectively.
The remittance-based token declined below the support near $ 2.34, which records 7% loss on a daily time frame.
XRP may be on the verge of validation of a head-end-shielder (H&S) pattern if it dissolves $ 1.96 support-$ 2.00 just below the psychological level. Such a step can send XRP to $ 1.35 support level.
In contrast, XRP may bounce the support of $ 1.96 as Bulls have defended the level on six occasions since its rally over the level last December.
XRP/USDT Daily Chart
The relative Shakti Index (RSI) and Moving Average Convergence Division (MACD) have crossed their neutral levels and below the moving average, indicating the speed of the growing recession.
The $ 2.60 will invalve a daily candlestick thesis and will potentially send XRP to test $ 2.78 resistance.
