XRP Tumbles as Network Activity Plummets 90%

XRP is currently trading at $1.36 after experiencing a modest gain of 0.39% in the past 24 hours, according to Bitget. The asset's market capitalization stands at $86.33 billion with a 24-hour trading volume of $3.62 billion.

Technical analysis suggests that XRP is hovering below key mid-range levels, nearing the lower band of the Bollinger Bands at $1.32208. Momentum indicators reveal a cautious outlook, with analysts interpreting these signals as evidence of fading bullish sentiment and rising risk if current trends persist.

The decline in network activity has raised concerns, with daily active addresses falling 90% from 388,492 to just 38,163. This contraction may impact XRP's ability to sustain momentum, even as price attempts recovery.