Solana

View

Coin

<ul>
 <li>XRP has increased by over 1% just thrice in the last two weeks.</li>
 <li>Over 80% of the total XRP in circulation remains in profit.</li>
</ul>
Following upward momentum a few weeks ago, <a href="https://ambcrypto.com/search/xrp" target="_blank" rel="noopener noreferrer nofollow" data-wpel-link="internal">Ripple [XRP]</a> has stabilized and has not exhibited the same movement level as other altcoins. While XRP recently positioned itself as the fourth-largest asset, what is its current status?
<h4>XRP’s bear trend continues</h4>
AMBCrypto’s analysis of <a href="https://ambcrypto.com/chatgpt-xrp-price-prediction-dec-24/" target="_blank" rel="noopener noreferrer nofollow" data-wpel-link="internal">XRP’s</a> daily timeframe chart showed that in the past 14 days, it had experienced a price increase of more than 1% on only three occasions. 
Notably, these instances followed a significant 6% decline on the 11th of December, highlighting the sluggish trend observed in recent weeks. At the time of this analysis, XRP was trading at around $0.61, with an increase of less than 1%.&nbsp;
<div id="attachment_360484" style="width: 100%" class="wp-caption aligncenter"><a href="https://statics.ambcrypto.com/wp-content/uploads/2023/12/XRPUSD_2023-12-25_09-03-15.png" data-wpel-link="internal" rel="noopener noreferrer nofollow"><img aria-describedby="caption-attachment-360484" decoding="async" class="wp-image-360484 size-full" src="https://statics.ambcrypto.com/wp-content/uploads/2023/12/XRPUSD_2023-12-25_09-03-15.png" alt="XRP/USD price trend" width="1475" height="785" srcset="https://statics.ambcrypto.com/wp-content/uploads/2023/12/XRPUSD_2023-12-25_09-03-15.png 1475w, https://statics.ambcrypto.com/wp-content/uploads/2023/12/XRPUSD_2023-12-25_09-03-15-300x160.png 300w, https://statics.ambcrypto.com/wp-content/uploads/2023/12/XRPUSD_2023-12-25_09-03-15-1024x545.png 1024w, https://statics.ambcrypto.com/wp-content/uploads/2023/12/XRPUSD_2023-12-25_09-03-15-768x409.png 768w" sizes="(max-width: 1475px) 100vw, 1475px"></a>
 Source: Trading View
</div>
Also, the short moving average (yellow line) has acted as immediate resistance around $0.63. This has recently prevented the price from moving beyond the current price range. 
Furthermore, the Relative Strength Index (RSI) indicated a weak trend. It was below the neutral line as of this writing, having maintained this position for nearly two weeks.
<h4>Active addresses are yet to reclaim September’s best</h4>
AMBCrypto’s examination of <a href="https://ambcrypto.com/are-xrp-whales-ignoring-market-trends-heres-what-data-says/" target="_blank" rel="noopener noreferrer nofollow" data-wpel-link="internal">XRP’s</a> Active Addresses showed that it had not recovered since its massive decline in September. The chart showed decreased Active Addresses, from over 480,000 to around 281,000 at press time. 
<div id="attachment_360482" style="width: 100%" class="wp-caption aligncenter"><a href="https://statics.ambcrypto.com/wp-content/uploads/2023/12/XRP-Ledger-XRP-09.59.21-25-Dec-2023.png" data-wpel-link="internal" rel="noopener noreferrer nofollow"><img aria-describedby="caption-attachment-360482" decoding="async" class="wp-image-360482 size-full" src="https://statics.ambcrypto.com/wp-content/uploads/2023/12/XRP-Ledger-XRP-09.59.21-25-Dec-2023.png" alt="XRP active addresses" width="2560" height="867" srcset="https://statics.ambcrypto.com/wp-content/uploads/2023/12/XRP-Ledger-XRP-09.59.21-25-Dec-2023.png 2560w, https://statics.ambcrypto.com/wp-content/uploads/2023/12/XRP-Ledger-XRP-09.59.21-25-Dec-2023-300x102.png 300w, https://statics.ambcrypto.com/wp-content/uploads/2023/12/XRP-Ledger-XRP-09.59.21-25-Dec-2023-1024x347.png 1024w, https://statics.ambcrypto.com/wp-content/uploads/2023/12/XRP-Ledger-XRP-09.59.21-25-Dec-2023-768x260.png 768w, https://statics.ambcrypto.com/wp-content/uploads/2023/12/XRP-Ledger-XRP-09.59.21-25-Dec-2023-1536x520.png 1536w, https://statics.ambcrypto.com/wp-content/uploads/2023/12/XRP-Ledger-XRP-09.59.21-25-Dec-2023-2048x693.png 2048w" sizes="(max-width: 2560px) 100vw, 2560px"></a>
 Source: Santiment
</div>
This decline implies a reduction in the number of wallets actively engaging in XRP trading, suggesting a potential decrease in volume and, consequently, a potential impact on the price.
<h4>XRP slips in coin ranking</h4>
Some weeks back, during a period of positive price movements for <a href="https://ambcrypto.com/xrp-dethroned-as-fifth-largest-crypto-in-surprise-market-shakeup/" target="_blank" rel="noopener noreferrer nofollow" data-wpel-link="internal">XRP</a>, its position in the market ranking rose. According to <a href="https://coinmarketcap.com/currencies/xrp/" target="_blank" rel="noopener noreferrer nofollow" data-wpel-link="external">CoinMarketCap’s</a> asset ranking based on market capitalization, it reached the fourth position at press time. 
However, in light of the recent performance of other assets, it has slid down the rankings. At the time of this update, it held the sixth position, with a market capitalization of around $33.8 billion. 
Notably, <a href="https://ambcrypto.com/search/solana" target="_blank" rel="noopener noreferrer nofollow" data-wpel-link="internal">Solana [SOL]</a> and <a href="https://ambcrypto.com/search/bnb" target="_blank" rel="noopener noreferrer nofollow" data-wpel-link="internal">Binance Coin [BNB]</a> have surpassed XRP, as indicated by their market caps over the past few days.
How much are <a href="https://ambcrypto.com/convert/1-xrp-to-usd" target="_blank" rel="noopener noreferrer nofollow" data-wpel-link="internal">1,10,100 XRPs worth today</a>?
<h4>More XRP holders remain in profit</h4>
Despite the slow movement of XRP’s price, a substantial portion of the circulating supply has proven profitable. 
An examination of the total supply in profit on Santiment showed that more than 86 billion of the altcoin’s overall supply was in a profitable position at the time of the report — over 86%.
<div id="attachment_360486" style="width: 100%" class="wp-caption aligncenter"><a href="https://statics.ambcrypto.com/wp-content/uploads/2023/12/XRP-Ledger-XRP-09.59.25-25-Dec-2023-2.png" data-wpel-link="internal" rel="noopener noreferrer nofollow"><img aria-describedby="caption-attachment-360486" decoding="async" class="wp-image-360486 size-full" src="https://statics.ambcrypto.com/wp-content/uploads/2023/12/XRP-Ledger-XRP-09.59.25-25-Dec-2023-2.png" alt="XRP supply in profit" width="2560" height="867" srcset="https://statics.ambcrypto.com/wp-content/uploads/2023/12/XRP-Ledger-XRP-09.59.25-25-Dec-2023-2.png 2560w, https://statics.ambcrypto.com/wp-content/uploads/2023/12/XRP-Ledger-XRP-09.59.25-25-Dec-2023-2-300x102.png 300w, https://statics.ambcrypto.com/wp-content/uploads/2023/12/XRP-Ledger-XRP-09.59.25-25-Dec-2023-2-1024x347.png 1024w, https://statics.ambcrypto.com/wp-content/uploads/2023/12/XRP-Ledger-XRP-09.59.25-25-Dec-2023-2-768x260.png 768w, https://statics.ambcrypto.com/wp-content/uploads/2023/12/XRP-Ledger-XRP-09.59.25-25-Dec-2023-2-1536x520.png 1536w, https://statics.ambcrypto.com/wp-content/uploads/2023/12/XRP-Ledger-XRP-09.59.25-25-Dec-2023-2-2048x693.png 2048w" sizes="(max-width: 2560px) 100vw, 2560px"></a>
 Source: Santiment
</div>

Will XRP remain in profit as price trend slows?

AMBCrypto

Other articles published on Dec 25, 2023

Is It Too Late to Buy Axie Infinity? AXS Price Rockets Up 35% as the Latest Meme Coin Prepares to...

MANA, SAND, AXS, Among Top Gaming Crypto To Watch This Christmas

Shiba Inu Burn Rate Soars By 5,000%, Here’s Why

This Solana Rival is Ready to Give SOL a Run for Its Money, Expected to Grow 50x in 2024

Solana meme trader reaps 3800x gains: What about you?

The Price Of Solana (SOL) Up More Than 4% In 24 Hours

Join our free newsletter for daily crypto updates!