NewsBTC
No Result
View All Result
  • Cryptocurrency News
    • Bitcoin News (BTC)
    • Ethereum News (ETH)
    • Ripple News (XRP)
    • Shiba Inu News (SHIB)
    • Cardano News (ADA)
    • Dogecoin News (DOGE)
    • Solana News (SOL)
    • Litecoin News (LTC)
    • Avalanche News (AVAX)
    • Polygon News (MATIC)
  • Crypto Prices
    • Binance Coin (BNB) Price
    • Bitcoin (BTC) Price
    • Cardano (ADA) Price
    • Chainlink (LINK) Price
    • Dogecoin (DOGE) Price
    • Ethereum (ETH) Price
    • Litecoin (LTC) Price
    • Polkadot (DOT) Price
  • Crypto Resources & Directory
  • All Crypto
  • Play GamesTry
  • CasinosTry
Breaking News: Coinbase Confirms DOJ Investigation Following Major Security Incident
  • Cryptocurrency News
    • Bitcoin News (BTC)
    • Ethereum News (ETH)
    • Ripple News (XRP)
    • Shiba Inu News (SHIB)
    • Cardano News (ADA)
    • Dogecoin News (DOGE)
    • Solana News (SOL)
    • Litecoin News (LTC)
    • Avalanche News (AVAX)
    • Polygon News (MATIC)
  • Crypto Prices
    • Binance Coin (BNB) Price
    • Bitcoin (BTC) Price
    • Cardano (ADA) Price
    • Chainlink (LINK) Price
    • Dogecoin (DOGE) Price
    • Ethereum (ETH) Price
    • Litecoin (LTC) Price
    • Polkadot (DOT) Price
  • Crypto Resources & Directory
  • All Crypto
  • Play GamesTry
  • CasinosTry
Bitcoin News
No Result
View All Result
Breaking News: Coinbase Confirms DOJ Investigation Following Major Security Incident

This On-Chain Metric Spells Trouble for XRP Following SPARK Airdrop

Cole Petersen
Cole Petersen
1 year ago
2 mins read

Reason to trust

Strict editorial policy that focuses on accuracy, relevance, and impartiality
Created by industry experts and meticulously reviewed
The highest standards in reporting and publishing
How Our News is Made

Strict editorial policy that focuses on accuracy, relevance, and impartiality

Ad discliamer

Morbi pretium leo et nisl aliquam mollis. Quisque arcu lorem, ultricies quis pellentesque nec, ullamcorper eu odio.

  • XRP has seen some mixed price action as of late, with the cryptocurrency’s price not breaking firmly below $0.50 as the selling pressure placed on it begins mounting
  • The cryptocurrency is now on the cusp of seeing a sharp decline, with analysts noting that a continued bout of trading below this level could be dire
  • One analytics firm is also noting that the conclusion of the recent SPARK token airdrop to XRP holders has caused it to see a sharp decline in fundamental strength
  • The number of unique addresses interacting with the network has plummeted, sliding back to its month-low levels
  • With no catalysts for upside on the horizon, the potential for downside is great and growing

XRP has seen some mixed price action as of late. The cryptocurrency’s break above its long-held trading range has been caught within for the past few years.

This range existed between $0.20 and $0.30, with the selling pressure at the upper boundary of this trading range suppressing its price on multiple occasions over the past few weeks and months.

The recent SPARK airdrop was a catalyst for breaking this range, which helped boost its technical strength and spark a parabolic rally to $0.90 on some exchanges.

One analytics platform is now noting that the cryptocurrency’s underlying technical strength has declined in the time since the airdrop snapshot took place.

XRP Struggles to Gain Momentum as Price Stays Below $0.50 

At the time of writing, XRP is trading down just over 3% at its current price of $0.48. This marks a notable decline from its recent highs of $0.90 set at the peak of the recent rally.

There aren’t really any XRP-specific catalysts for upside beyond the aggregated market seeing a rise. This could mean that it will once again see a descent into another period of darkness.

On-Chain Data Points to Underlying Weakness

One analytics firm explained in a recent tweet that XRP’s active address count has been declining rapidly ever since the SPARK airdrop snapshot took place.

This seems to indicate that the even was taken as a cue to “sell the news.”

“XRP had its snapshot for the SPARK airdrop three and a half days ago. Just as the snapshot occurred at 12am UTC on December 12th, the unique amount of addresses interacting on the XRP network declined rapidly, and is back to month-low levels for now.”

Bitcoin

Image Courtesy of Santiment.

Unless Bitcoin and Ethereum’s strength creates tailwinds strong enough to boost XRP, there’s a strong possibility the crypto will soon plunge lower.

Featured image from Unsplash.
Charts from TradingView.
Tweet123Share196ShareSend
Cole Petersen
Cole Petersen

Cole Petersen

Cole is a cryptocurrency analyst based in Los Angeles. He studied at the University of California Irvine and has been interested in Bitcoin and the crypto markets since 2013.

Disclaimer: The information found on NewsBTC is for educational purposes only. It does not represent the opinions of NewsBTC on whether to buy, sell or hold any investments and naturally investing carries risks. You are advised to conduct your own research before making any investment decisions. Use information provided on this website entirely at your own risk.

Related News

XRP price news

XRP Price Risks Breakdown To Next Support Level, Why $2.28 Is Important

The XRP price has been holding on pretty tightly to its support level above $2.2 and continues to be a...

Scott Matherson 23 hours ago
XRP Price Strengthens

XRP Price Strengthens — Eyes Set on Key Resistance Levels

XRP price started a decent upward move from the $2.20 zone. The price is now showing positive signs and might...

Aayush Jindal 1 day ago
XRP

Pundit Predicts XRP Price Will Surge 35,000% When These Two Things Happen

Crypto analyst Ripple Pundit has boldly predicted that the XRP price can surge 35,000%. He alluded to two things that...

Scott Matherson 2 days ago
Load More

Reason to trust

Strict editorial policy that focuses on accuracy, relevance, and impartiality
Created by industry experts and meticulously reviewed
The highest standards in reporting and publishing
How Our News is Made

Strict editorial policy that focuses on accuracy, relevance, and impartiality

Ad discliamer

Morbi pretium leo et nisl aliquam mollis. Quisque arcu lorem, ultricies quis pellentesque nec, ullamcorper eu odio.

Related News

XRP Price Pops and Drops

XRP Price Pops and Drops — Can Bulls Regain Control?

Aayush Jindal 2 hours ago
xrp price xrpusdt

XRP Price Brewing A Monster Rally? This Patter Might Hold The Key

James Halver 4 hours ago
XRP

Analyst Predicts XRP Price Will Reach $20-$30 — Elliott Wave Theory Holds The Key

Scott Matherson 16 hours ago

Premium Sponsors

Press Releases

  • SWL Miner launches the best free cloud mining for BTC...

    2 minutes ago
  • Criptomoneda alternativă în trend față de Dogecoin (DOGE) care poate transforma 3.200 RON în 320.000 RON în 4 luni

    Criptomoneda alternativă în trend față de Dogecoin...

    22 minutes ago
  • 3 altcoinuri de urmărit în prima săptămână a lunii iulie 2025

    9 hours ago
  • XRP versus Shiba Inu: Care criptomonedă are șanse mai mari să creeze milionari?

    XRP versus Shiba Inu: Care criptomonedă are șanse mai...

    9 hours ago
  • XRP, SOL, LTC holders turn to OPTO Miner to earn $5,777 in...

    12 hours ago

Newsletter

Be the first to get the latest important crypto news & events to your inbox.

  • This field is for validation purposes and should be left unchanged.

About Us

NewsBTC is a cryptocurrency news service that covers bitcoin news today, technical analysis & forecasts for bitcoin price and other altcoins. Here at NewsBTC, we are dedicated to enlightening everyone about bitcoin and other cryptocurrencies.

We cover BTC news related to bitcoin exchanges, bitcoin mining and price forecasts for various cryptocurrencies.

Disclaimer: The information found on NewsBTC is for educational purposes only. It does not represent the opinions of NewsBTC on whether to buy, sell or hold any investments and naturally investing carries risks. You are advised to conduct your own research before making any investment decisions. Use information provided on this website entirely at your own risk.

Company

  • About Us
  • Advertising
  • Contact Us
  • Privacy Center

Social

© 2025 NewsBTC. All Rights Reserved.

  • Cryptocurrency News
    • Bitcoin News (BTC)
    • Ethereum News (ETH)
    • Ripple News (XRP)
    • Shiba Inu News (SHIB)
    • Cardano News (ADA)
    • Dogecoin News (DOGE)
    • Solana News (SOL)
    • Litecoin News (LTC)
    • Avalanche News (AVAX)
    • Polygon News (MATIC)
  • Crypto Prices
    • Binance Coin (BNB) Price
    • Bitcoin (BTC) Price
    • Cardano (ADA) Price
    • Chainlink (LINK) Price
    • Dogecoin (DOGE) Price
    • Ethereum (ETH) Price
    • Litecoin (LTC) Price
    • Polkadot (DOT) Price
  • Crypto Resources & Directory
  • All Crypto
  • Play Games
  • Casinos
Advertise

© 2025 NewsBTC. All Rights Reserved.

This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy Center or Cookie Policy.