Ripple's (XRP) price has managed to regain the important $0.55 support level after briefly losing it. Although this could create opportunities for higher price levels with increased buying pressure, on-chain indicators present a mixed outlook.
XRP's Daily Active Addresses (DAA) divergence has fallen to -18.62%, indicating reduced user engagement despite the price increase. This suggests that low network activity could undermine XRP's price stability unless user interaction rises.
Contrarily, the Mean Coin Age (MCA) has spiked, indicating long-term holders are moving their tokens into circulation. This can create selling pressure, further complicating XRP's ability to maintain or increase its price.
Additionally, the Relative Strength Index (RSI) failed to break above the neutral line, showing persistent bearish momentum. XRP faces resistance around $0.57, and if this continues, it could target $0.52. Maintaining above $0.55, however, might enable a rebound towards $0.61.
