🕵️ New addresses appearing on the $XRP #network have collapsed from 18,000 per day in December 2024 to 2,700 per day today, marking an 85% decline. Monthly active supply reflects a similar trend, dropping from 7.45 billion $XRP per day to approximately 2 billion $XRP per day over the same period. The speculative wave that drove XRP's late-2024 surge has largely unwound at the #network level. #crypto

BTC & XRP UPDATE: SHORT-TERM BEARISH SCENARIO STILL ACTIVE The short-term bearish pressure remains in play for both $BTC and $XRP . Bitcoin is currently trading around $80,240, showing a steady decline from its local peak at $82,850. Similarly, $XRP is struggling to reclaim momentum, sitting at $1.416 after a sharp rejection from the $1.457 zone. Key Support Levels $BTC : The $78k – $79k zone remains the ultimate line of defense for the bulls. $XRP: Watching the $1.37 psychological support closely. As long as these major support levels hold, the door is open for a potential pullback. However, the current trend is tilted toward the bears. We need to see a strong bounce from these support areas to invalidate the downward pressure. Stay vigilant if support holds, we see a pullback; if it breaks, expect more downside. #GateSquareMayTradingShare