XRP Stuck Between $2.00 and $2.20 as Network Activity Hits 3-Month Low

XRP is currently trapped in a tight consolidation range, trading between $2.02 and $2.20, reflecting a lack of directional conviction among traders. This stagnation is underpinned by concerning on-chain metrics, notably the number of active addresses dropping to a three-month low of 35,931, indicating waning user engagement.

Furthermore, the Network Value to Transactions (NVT) ratio is surging to a two-week high, suggesting the asset may be overvalued relative to its current transaction volume. This bearish combination of subdued activity and elevated valuation pressure complicates recovery prospects.

If XRP fails to maintain the critical $2.00 support zone, the current bullish-neutral outlook will fail, potentially leading to a breakdown toward $1.94 and $1.85.

(Source：BeInCrypto)