- Despite the legal clarity, XRP is confronted with market struggle with falling activities and the prize is falling.
- The Bearish Momentum of XRP continues to exist, as a weak purchasing pressure and decreasing addresses signal carefully sentiment.
Ripple may have won the battle of the courtroom, but XRP loses ground in the market. The SEC that would drop its appeal should have been a game changer, confirming the non-security status of XRP.
Instead, active addresses have fallen almost 70% and the price of the token has fallen 11% in just a week.
Perhaps clarity does not always mean the victory.
A legal victory with “wrinkle” effects
The American SEC has dropped its appeal in the Ripple case and marks a crucial moment for the crypto industry.
After years of legal arguing, the decision not to challenge the 2023 ruling by the American district judge Analisa Torres does not challenge, long -awaited clarity for the regulatory status of XRP.
The ruling confirmed that the programmatic sale of XRP from secondary fairs such as Coinbase and Kraken did not violate securities laws, although direct sale to institutional investors were considered violations of securities, which costs Ripple $ 125 million.
Experts have emphasized the significance of the decision, as the Ripple case was further demanded than other cases, such as those against Coinbase and Kraken.
With the legal dust institution, the Focus is now shifting to the possibility of an XRP ETF, where market optimism is growing around potential approval in 2025.
But everything is not what it seems.
Falling activity, falling price
Despite the legal victory, the market performance of XRP tells a different story. Data on chains reveal a steep fall in daily active addresses, suggesting that urgent user involvement.
Source: Santiment
Historically, a strong decrease in active addresses with lower liquidity and reduced speculative importance that Neerwartse Momentum can worsen.
In the past two weeks, XRP has lost more than 11% of its value and is struggling to find support as sales pressure confirmations.
Source: Coinmarketcap
The decrease in network activity can indicate the blur of investor confidence, because traders focus their attention elsewhere.
Without renewed utility or a fundamental catalyst, XRP risks further down, unless buyers return to the market in force.
XRP: Will support hold?
The price promotion of XRP remains Beerarish, with the token that is traded on the $ 2.18 press after a short exemption. The RSI is at 42.65, which indicates a weak momentum and room for further downward share before it enters over -sold -up territory.
In the meantime, the OBV trending has been lower, which indicates decreasing purchasing pressure.
Source: TradingView
In the recent down trend, XRP is losing important support levels, and without a strong reversal, further dips to $ 2.00 are possible. If bulls get back bulls, resistance near $ 2.30 could be a challenge.
A break above this level would be needed for a trend shift. However, the falling BBV indicates that traders remain careful.
If the sales pressure persists, XRP can re -test the lower supports, which may again visit $ 1.90 in the coming days.