XRP price is struggling to surpass the local resistance at $2.47, leading to a decrease in trader attention.
Current chart patterns and on-chain data suggest a potential further decline for XRP, with uncertain chances of a rebound.
While other altcoins are witnessing a surge, XRP remains restrained from the bullish trend, consolidating below crucial resistance levels.
Factors like reduced active addresses, decreased volatility, and offloading of XRP by whales are contributing to concerns about XRP's short-term price action.