The coin has failed to break past $3.00 for two consecutive weeks.
Capital outflows are outweighing inflows, weakening momentum.
A drop to $2.74 is likely if selling continues.
XRP is struggling to break through the $3.00 mark, with repeated attempts over the past two weeks falling short. The altcoin has been unable to sustain momentum, weighed down by weak investor support and shrinking inflows.
At the time of writing, XRP trades at $2.87, remaining below the $2.95 resistance zone. Market data shows reduced activity from both new and existing participants, leaving the cryptocurrency in a consolidation phase.
With capital outflows overwhelming inflows, XRP’s price trend continues to depend heavily on investor sentiment and whether demand can rebound in the short term.
New addresses drop to two-month low
Network metrics highlight a key reason behind XRP’s stagnation. The number of new addresses created, tracked by first-time transactions, has dropped near a two-month low.
This decline indicates falling interest from fresh participants, limiting the inflow of new capital into the network.
Without new investors joining, XRP faces reduced demand pressure, making it harder to generate the buying volume needed for a sustained rally.
Existing holders have not provided enough momentum either, resulting in weaker overall support for the asset.
Capital outflows weigh on XRP
Broader capital trends underline the same weakness. The Chaikin Money Flow (CMF), which monitors inflows and outflows of capital, has fallen to a nine-month low.
This signals that selling activity is exceeding buying interest, a bearish indication for XRP’s short-term performance.
The shrinking capital pool highlights how outflows are amplifying the recent downtrend.
With reduced liquidity entering the market, XRP has struggled to establish firm support levels, leaving it vulnerable to further price drops.
Over the past fortnight, the coin has failed to hold gains above $2.95, signalling that sellers remain dominant. The weakness in volume reflects the lack of confidence that has plagued XRP’s attempts to stage a breakout since mid-August.
Trading patterns show limited upside moves being sold off quickly, reinforcing the difficulty of sustaining momentum and deepening investor caution.
Market watchers note that persistent selling pressure could delay any meaningful recovery attempts for weeks.
XRP price trend remains under pressure
Currently, XRP remains capped below the $2.95 resistance level. A continued lack of buying activity could push the price down toward $2.74, where consolidation is more likely.
On the other hand, if sentiment shifts and XRP reclaims $2.95 as support, it could attempt to retest higher thresholds.
Breaking past $3.07 and later $3.12 would provide confirmation of renewed bullish momentum, invalidating the present bearish thesis.
The coming sessions will be critical in determining whether investor confidence returns to provide the inflows needed for XRP to move past $3.00, or if the coin continues to trade under pressure from weak demand.
The data on addresses and capital flows suggests that until stronger participation emerges, XRP’s price will remain constrained within its current range.
