Can XRP's drop be a slingshot?

Over 180K XRP weekly active addresses reduced following its price reduction.

For the second week, XRP investors took record gains of roughly $2.2 billion.

Resetting funding rates might boost XRP to new highs.

After a severe fall this week, Ripple's XRP is up 4% on Friday. Reset funding rates may aid the remittance-based coin rise after weekly active addresses dropped and profit-taking surged.

Investor attitude about XRP on-chain measures is varied.
Network activity dropped for XRP following a modest pullback earlier in the week. Friday saw 312K weekly active XRP addresses, down from 495K a year earlier. XRP's current wallet activity seems to be mostly from traders/investors rather than utility growth.

XRP supply distribution shows whales' conflicting feelings. The week saw small-scale whales (1M to 10M XRP) accumulate 180 million XRP.

The same time, large-scale whales (10M to 100M XRP) cut their holdings by over 340 million XRP.

Despite conflicting whale activity, spot exchange XRP flows showed outflows outperformed inflows over the week albeit with lower trading volume. Outflows at spot exchanges imply bullish investors.


Weekly earnings for XRP investors were $2.2 billion. After XRP returned to $1.91 on Wednesday, investors made roughly $1.4 billion. After investors made $1.6 billion on December 1, this is the second-highest profit day since 2021. If XRP rallies and hits profit goals, this trend may continue.

This approach requires XRP to overcome selling pressure at $3.00 psychological barrier.

Bullish momentum is indicated by the RSI and Stochastic Oscillator above neutral.

#RLUSDApprovalBoostXRP #BTCReclaims101K #MarketMajorComeback #CryptoUsersHit18M $XRP $BTC $ETH