Investor demand for XRP falls as the bull market stalls — Will traders defend the $2 support?

Between Oct. 25, 2024, and Jan. 16, 2025, XRP (XRP) had one of the best rallies of the current bull market, gaining 600% as investors piled in with the hope that a pro-crypto presidency would benefit Ripple and its cryptocurrency.

During this time, the quarterly average of daily active addresses jumped by 490% and XRP price hit a 7-year high.

Fast forward to the present, and data shows that the speculative interest surrounding XRP is…