XRP stands out as the native digital asset of the XRP Ledger network, which was developed to carry out cross-border payments faster and at lower costs. In the cryptocurrency ecosystem, it is especially known for corporate payments, money transfer services and bridging asset use between exchanges.
Selling pressure deepened in XRP
According to Glassnode data, XRP’s 90-day simple moving average dropped to the lowest level since August 2022. This indicator indicates that more investors are closing positions at a loss and the pressure to surrender in the market is getting stronger.
In its post, Glassnode stated that while the XRP price fell to $ 1.04, the 90-day average fell to 0.33, which was the lowest reading since August 2022.
The decline in question occurred during the same period as weakness in the overall altcoin market. This picture, which came after the slowdown in transaction volume on central exchanges, showed that the activity in XRP parities also decreased significantly.
Data reveals that selling pressure is not limited to individual investors only. It is stated that institutions that use XRP for liquidity purposes and companies that manage their balance sheets may re-evaluate their risk appetite, and stock exchanges may face income pressure due to decreasing XRP transaction volumes.
What topics do market actors focus on?
The balance between network activity and community sensitivity has become important for teams developing applications on XRP Ledger. Unlike smart contract-focused general-purpose networks, XRP Ledger functions more as a payment and reconciliation infrastructure.
Mini dictionary: The 90-day simple moving average is a basic indicator used to track the average course of a given data over the last 90 days. Surrender pressure refers to periods when investors accelerate their exit from the market by selling at a loss.
Past legal processes related to the US Securities and Exchange Commission SEC also continue to leave their mark on XRP. It is considered that uncertainties in the regulatory outlook foster a cautious approach, especially on the institutional acceptance side.
It is emphasized that the consecutive low rates seen in XRP indicate that the share of participants taking losses from the market is growing and profit taking remains weak.
What to watch in the broader picture
This process is taking shape within a broader background where the market’s shift from riskier assets to stable assets such as USDT is increasing, macroeconomic factors are creating pressure, and on-chain transparency is becoming more prominent. The changing approach towards altcoins and the tightening of institutional scrutiny are also among the topics affecting the table.
In the coming period, market participants are expected to focus on whether there will be balancing in the 90-day average, whether the institutional fund flow will strengthen again, and any updates that may be announced on the XRP Ledger side. It is stated that an improvement in user perception and a clearer view in the regulatory framework may be decisive for a permanent recovery.
