According to external analysis, the XRP has remained in a weak zone in the recent past, with prices of multiple saws near $1 and a marked emptiness of market sentiment. However, there was no simultaneous cooling on the chain, with active addresses rising to approximately 49,929 within 24 hours, which was high for months, indicating that network use remained active.

There's an increase in activity on the chain.

According to the article, the current situation facing XRP is not unique. On the one hand, the market is cautious about its short-line movement, with a build-up of empty emotions; on the other hand, the chain of address activity is increasing. This departure means that, despite price pressures, participation at the network level has not been significantly weakened.

In terms of data, the number of active addresses is close to 50,000, which is a relatively recent high. For the market, this usually means that financial and user activities continue, but have not yet been translated into a clear price rebound.

The futures market is still under pressure.

According to the article, the derivative data remain empty. The market structure was further weakened after the XRP was currently trading in the vicinity of $1 US$ 1.023. If this position is not re-established, the seller will remain in the lead.

  • Unsettled contracts are about $996 million
  • Funding rate of approximately 0.0030, still positive
  • Futures CVD is about minus $5,685 million and continues down.

Of these, positive fund rates indicate that there is still a large number of people on the market who are willing to continue holding, but futures CVDs are negative in depth and reflect the continued active sales. This means that the current decline is not simply due to the blight of the transaction, but to the real existence of the pressure.

$1.023 is still key.

According to the article, if XRP is to have a clearer fix, it will first have to recover $1.023 and be stable above it. Short-line structures could be improved only if they were followed up by higher and lower points, while futures CVDs were stopped and recovered.

If the drive power is enhanced, the follow-up drag zone will look at US$1.17 to US$1.18. On the contrary, if prices continue to be held back below $1.023 and futures sales pressure increases further, the current pattern of bias will continue.

Overall, the core judgement of this analysis is that the XRP short-line has not yet shown a clear inverted signal, but that extreme oscillations appear at the same time as the increase in chain activity, making its subsequent movement worth continuing to be observed.