Despite Dropping Wallet Activity, XRP (XRP) Futures Trading Volume Surges 130%

The crypto market has been highly unpredictable lately, and XRP is no exception. While its wallet activity has dropped significantly, other key indicators tell a more complex story.

The crypto market has been highly unpredictable lately, and XRP is no exception. While its wallet activity has dropped significantly, other key indicators tell a more complex story.

The broader market remains bearish, weighed down by economic uncertainty and Trump’s new tariffs. In the past week, XRP has fallen by 11.9% to $2.06, and its monthly performance stands at -18.2%.

Despite this slump, analysts have mixed opinions—some expect further losses, while others predict a major rebound.

XRP: Key Takeaways

Its recent performance has been lackluster, with a 0.3% decrease today.

Over the past week, the price has dropped 11.9%.

In the last month, it has slid 18.2%.

It's now trading 39.5% below its all-time high of $3.40, which was reached in 2018.

According to CoinMetrics, XRP’s wallet activity has decreased by 10.77% in just one week.

This is the biggest drop among major altcoins, second only to Ethereum, which saw a 9.95% decline in the same period.

Bitcoin’s wallet activity dipped only 1.16%, making XRP’s drop even more concerning.

Not all cryptocurrencies faced the same downturn. Chainlink (LINK) actually saw a 5.45% increase in wallet activity, while Cardano (ADA) remained mostly stable with a slight 0.41% rise.

While fewer wallets are being used, XRP’s transaction count has jumped by 25.5%.

This suggests that while fewer people are using XRP, those who are still engaged are making more transactions.

Meanwhile, Bitcoin’s transaction count has fallen by 7%, indicating a slowdown in activity.

According to crypto analyst CasiTrades, April could be a turning point for XRP.

The analyst expects the cryptocurrency to face more downside before rebounding to new all-time highs.

Ali Martinez is also optimistic, noting that the TD Sequential indicator on the 4-hour chart has reached zero, which could be a sign of recovery.

Javon Marks takes the most aggressive stance, predicting that XRP could soar to $99 if it follows its 2017 rally pattern.

However, he acknowledges that such a move is unlikely.

After a turbulent period, the crypto market is showing signs of recovery, with major tokens like Bitcoin and Ethereum trading in the green on Thursday.

The optimism comes amid reports of progress in resolving the U.S. government shutdown and new tariffs imposed by Trump on Chinese goods.