XRP Price: Time to Buy, Sell, or HODL Near Critical Support?

• XRP tests $1.38 support as a descending triangle keeps price action tightly compressed.
• Glassnode data shows new XRP addresses dropped 85% from December 2024 network levels now.
• Binance spot markets net-sold over $35M in XRP as buyers absorbed heavy pressure lately.

Market attention has shifted to XRP as the token trades near a key technical zone after failing to clear its upper trendline. XRP remains close to support as on-chain data shows weaker network activity compared with late 2024 levels.

As of press time, XRP is trading around $1.39 and down by 2.19% over the past 24 hours and remains inside a tight $1.38 to $1.42 range. The token is now testing the lower support line of a multi-month descending triangle on the 2-hour chart.

XRP Price Tests $1.38 Support

The support area sits near $1.38. XRP moved into this zone after it failed to break above the upper side of the pattern. The XRP price is still holding above the blue moving average, which is acting as short-term support.

Resistance remains near the red moving average between $1.40 and $1.4199. A clear move above that region could shift attention back to the triangle top near $1.4525. Until then, the market remains locked between nearby support and resistance.

Source: TradingView

The chart structure still shows a descending triangle that formed after the April high near $1.50. Its trendlines are moving closer together, which places XRP near a possible decision point. The RSI has fallen to around 45 to 50, showing neutral momentum.

However, low selling volume keeps the chance of a breakout open, but the chart has not confirmed a direction yet. Key support levels remain at $1.3799, $1.3649, and $1.3428.

XRP Network Activity Weakens as Spot Selling Continues

Glassnode reported that new XRP addresses fell from 18,000 per day in December 2024 to 2,700 per day today. That marks an 85% decline and shows that user growth has weakened.

Monthly active supply shows the same trend. It dropped from 7.45 billion XRP per day to about 2 billion XRP per day over the same period. Glassnode said the speculative wave behind XRP’s late-2024 surge has largely unwound at the network level.

However, market flows showed continued selling pressure. In an X post, analyst Dom said Binance spot markets had net-sold more than $35 million worth of XRP over the past seven days.

Source: X

He said buyers appeared to be reloading resting buy orders to absorb the supply. Despite that pressure, XRP continued to grind higher.

Dom added that a shift from net selling to net buying would be important for short-term relief. He said such a move could help trigger a breakout attempt.

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