XRP Bulls Face Crucial Resistance at $1.44 Amid Cooling Network Activity

XRP has been trading near $1.44, one of its most crucial resistances after moving up from $1.10 to $1.41-$1.44 in August and September.

The bulls have taken it up to its highest level for 12 months, but on-chain data is now posing some doubts regarding the strength of the rally.

XRP's market capitalization increased from $87 billion to $91 billion, supporting the rise in price. However, network activity has cooled down amid the highs: active addresses decreased from 45,000 to 35,000, and transactions fell from 2.15 million to 1.85-1.90 million.

For confirmation of a breakout above $1.4131, active addresses should return to 40,000-45,000, and transactions should be above 2 million.