Why XRP price stalls as ledger activity nears January 2025 peak

Ripple’s XRP is under pressure, but there’s more to it than just the price. Activity on the XRP Ledger is picking up again, with velocity climbing back toward yearly highs.

Here’s the rundown.

XRP has the market’s support

Following last week’s major sell-off, traders aren’t as happy as they were with the slide in prices. Market leaders Bitcoin [BTC] and Ethereum [ETH] are now seeing historically bearish sentiment.

But all’s not bad, with XRP being better loved in comparison. The positive-to-negative sentiment ratio means XRP traders have a more constructive outlook.

Source: Santiment

Santiment noted in an X post that markets often move against extreme fear and disbelief among retail participants. XRP’s strength proves that traders are moving differently.

This raises the chance of XRP breaking away and moving on its own… if the market stabilizes or sees a short-term bounce.

Ledger activity heats up

On the 3rd of February, the 7-day SMA of XRP Ledger Velocity climbed to 0.013, returning to the highest levels seen since January 2025. The metric is re-testing the upper end of its one-year range, which means network turnover has reached peak intensity again.

Source: CryptoQuant

When velocity spikes during a downtrend, it typically signals intense asset circulation. This often happens when older coins are being moved or when short‑term market activity surges.

XRP under pressure

The altcoin was on a downtrend at the time of writing, sliding from above $2.30 at the start of the year to around $1.43. Price traded below the midline of the Bollinger Bands, while the lower band has expanded.

RSI dipped close to oversold territory, so there was selling pressure. MACD was bearish, with downside momentum yet to fully fade.

Source: TradingView

Despite potential for stable sentiment and activity, XRP is still looking for a base. Any recovery depends on price first slowing its decline and reclaiming key short-term levels.