XRP at a crossroads: Rising activity meets the looming $1.50 supply wall
Bitcoin Ethereum News The decline in Ripples [XRP] exchange reserves from last year appears to have bottomed out. It has stabilized around 2.75 billion tokens, as the price hovered around $1.40 in April. AMBCrypto reported that this represented easing selling pressure. The decrease in big whale activity and a shift toward normal activity also suggested that aggressive accumulation has stalled. The market was likely to be influenced by retail participants, and an uptick in spot ETF flows could also positively impact XRP price trends, as they did in mid-April. In trying to determine whether accumulation or selling pressure had the upper hand, some on-chain metrics seemed to give contrasting signals. XRP: Sellers still have the upper handSource: CryptoQuant In a post on CryptoQuant Insights, analyst Arab Chain drew attention to the rising XRP network activity. The activity had been in a downtrend until mid-April, when it took a sharp U-turn and has steadily climbed higher over the past three weeks. In late March and the first half of April, XRP prices trended from $1.45 to $1.30 and stayed there for nearly two weeks. During this time, the 30-day sum of withdrawal transactions outnumbered the deposit transactions. This withdrawal-heavy transaction trend continued into May, but in recent days, the deposit