- The coin has failed to break above $3.00 for two consecutive weeks.
- Capital outflows exceed inflows, weakening momentum.
- A drop to $2.74 is likely if selling continues.
XRP has struggled to push past the $3.00 mark, with repeated attempts over the past two weeks failing. The altcoin has been unable to sustain momentum, weighed down by weak investor support and dwindling capital inflows.
At the time of writing, XRP is trading at $2.87, remaining below the $2.95 resistance zone. Market data shows reduced activity from both new and existing participants, leaving the cryptocurrency in a consolidation phase.
With modest capital inflows, XRP’s price trend remains highly dependent on investor sentiment and whether demand can rebound in the short term.
New addresses fall to a two-month low
On-chain metrics highlight the main reasons behind XRP’s stagnation. The number of new addresses created—tracked by first-time transactions—has fallen to near a two-month low.
This decline points to reduced interest from new participants, limiting fresh capital entering the network.
Without new investors joining, XRP faces diminished demand pressure, making it harder to generate the buying volume needed for a sustained rally.
Existing holders also have not provided sufficient momentum, resulting in weaker overall support for the asset.
Capital outflows weighing on XRP
Bigger capital trends underline the same weakness. The Chaikin Money Flow (CMF), which monitors inflows and outflows, has dropped to a nine-month low.
That signals selling activity is outpacing buying interest—an indication of bearish short-term performance for XRP.
Shrinking pools of capital emphasize how outflows have reinforced the recent downward trend.
With reduced liquidity entering the market, XRP has struggled to build strong support levels, leaving it vulnerable to further price declines.
Over the past two weeks, the coin has failed to sustain rallies above $2.95, suggesting sellers remain in control. Weak volume reflects a lack of conviction that has hindered XRP’s breakout attempts since mid-August.
Trading patterns show limited upward moves that are quickly sold off, highlighting difficulties in maintaining momentum and increasing investor caution.
Market observers note that persistent selling pressure could delay any meaningful recovery for weeks.
XRP price trend remains under pressure
At present, XRP remains capped below the $2.95 resistance level. Continued absence of consistent buying could push the price down toward $2.74, where consolidation is more likely.
Conversely, if sentiment turns and XRP reclaims $2.95 as support, it could attempt to retest higher thresholds.
A breakout above $3.07 and then $3.12 would signal renewed bullish momentum and would invalidate the current bearish thesis.
The upcoming sessions will be critical in determining whether investor confidence returns and brings the inflows XRP needs to move past $3.00, or whether the coin continues trading under pressure from weak demand.
On-chain address and capital flow data indicate that, until stronger participation returns, XRP’s price will likely remain constrained within the current range.