XRP Under Pressure: Can It Break Resistance or Face More Decline?
XRP has been struggling to break above the $3.10 resistance level, despite forming an inverse head-and-shoulders pattern back in July. While this usually signals a bullish reversal, the momentum quickly faded.
Analyst BitGuru points out that repeated attempts to push past $3.10 have been met with selling pressure, keeping XRP stuck in sideways movement.
Blockchain data from Glassnode reveals another problem — user activity on the XRP network has dropped sharply, from over 500,000 active addresses in June to just 38,000 by late August. This lack of participation makes any rally harder to sustain.
Still, not everyone is bearish. Analyst Gordon believes the fractal pattern looks strong, and XRP could surprise by reaching $4.30.
But without stronger network support, the question remains — is XRP’s next big move really sustainable?