XRP Closed at a 21-Month Low, but the Bigger Ripple Story Is Elsewhere

Here's what might be more compelling for Ripple and XRP aside from the price moves. Ripple’s native token has not been spared by the broader market’s weakness, and it posted a 21-month low at just under $1.00 a couple of days ago. Moreover, it closed at its lowest level since November 2024, as its recovery above that psychological support hasn’t been all that impressive. However, on-chain analysis from Santiment Intelligence shows that the actual story could be hiding somewhere else. Price Down, Activity Up Despite rebounding to $1.01 as of press time, XRP is still not out of the woods, and many analysts expect at least one more dip below that level, even the most bullish ones. The token remains 70% away from its all-time high registered approximately 13 months ago. However, the selling pressure doesn’t appear to be going away. As reported earlier, the asset’s Taker Buy/Sell Ratio on Binance dropped to 0.86, its lowest reading since May. Since a figure below 1 indicates more aggressive selling than buying, the metric suggests derivatives traders remain firmly on the defensive. Nevertheless, Santiment outlined the discrepancy in XRP price moves and network usage. Despite the multi-y...