Main to remember
The mounting pressure against XRP in the middle of contradictory signals: a strong accumulation of whales contrasts with the drop in network activity, high evaluation measures and lower lower technical indicators. Bulls must defend $ 3.10 to support the momentum.
Ripple (XRP) experienced a significant whale activity, with more than 280 million tokens accumulated in just ten days – an apparent long -term trust signal.
However, the transfer of 16.8 million XRP (worth more than $ 54 million) to Coinbase by an unknown portfolio aroused concerns about a potential sale.
Although the accumulation generally reflects the optimistic intention, the time of this great exchange entry complicates the perspectives.
At the time of the press, XRP exchanged $ 3.11 after a drop of 10.3% in 24 hours. The angle will be to assess whether the bullish momentum can survive in the middle of this growing uncertainty.
Will Bulls defend critical support at $ 3.10?
After deciding at $ 3.66, XRP is suddenly found and is now consolidated just above the crucial support area of $ 3.10. This area, once a resistance ceiling, is now under pressure to act as a solid soil.
However, the MacD lines met in a lower way at the time of the press, referring to the drop in the momentum.
The price structure shows indecision, and if the bulls do not defend the level, the next drop possible could push XRP to $ 2.63.
Consequently, future sessions will be decisive, because a sustained taking at $ 3.10 could stabilize the trend, but failure can trigger an accelerated movement.
Source: tradingView
Has the activity on XRP chain collapsed too quickly to ignore?
The growth of the network and the number of XRP transactions have skyrocketed throughout mid-July, culminating between July 18 and 22.
However, the two measures dropped on July 24, the growth of the network falling to 1,899 and the number of transactions falling to only 286K.
This steep collapse signals a sudden drop in the acquisition of new users and use on the chain. Such a net drop disrupts any supported optimistic story and could reflect discolored market interest.
Consequently, unless these measures rebound quickly, the recent rally may lack support for the chain necessary to maintain the dynamic upwards or effectively defend the level of support of $ 3.10.
Source: Santiment
Does XRP evaluation take place in front of the public service?
At the time of writing, MVRV Z-SCORE DE XRP Refroved at 3.49, attenuating for-profit risks after reaching overheated levels earlier this month.
However, the NVT report has remained high at 699, which suggests that the token can be too expensive compared to its real use on a chain.
This imbalance often precedes market corrections or consolidations linked to the range. Unless network activity bounces, buyers could remain hesitant.
Consequently, XRP could find it difficult to justify its current evaluation, in particular by weakening user measurements.
The dominant disconnection between the price and the use depicts a prudent perspective, despite the temporary cooling in the MVRV report.
Source: Santiment
Can the XRP rally survive the dynamics of the chain?
The short -term XRP trajectory is now at stake. Despite a strong accumulation of whales, the increase in exchange entries, the activity of the collapsed network and the inflated NVT ratio suggest an increase in lower risks.
The price oscillating around the support area of $ 3.10, the bulls must act quickly to maintain control. If chain engagement does not rebound soon, the current structure can fail.
Consequently, XRP needs technical and fundamental alignment to maintain its rally, and without recovering the measures of use, the Haussier story can fade quickly in the coming sessions.
