Transaction Fee Decline Factors

Since the beginning of the year, XRP transaction fees have fallen dramatically. Open interest in the futures market also dropped significantly, from 1.75 billion tokens in early October to 0.74 billion tokens. This signals that derivatives traders have reduced confidence in ripple recovery potential. Social sentiment toward XRP has also slipped into the “fear” zone, reflecting rising caution among investors.

Data from blockchain analytics firm Santiment shows that large wallets increased selling pressure. Over the past week, wallets holding 1 to 10 million XRP collectively moved 510 million tokens. These wallets represent some of the largest investors in the market, holding positions worth approximately $2 to $20 million at current prices. This activity adds short-term downside pressure.

Technical Analysis: Downside Risks for XRP

XRP/USD is forming a descending triangle pattern, with support at $2. If the price breaks below this level, the measured target points to $1.73, roughly a 15% decline. The $2–$1.98 zone remains a critical support area. If this support fails, the price could fall toward $1.61.

Opportunities and Market Sentiment

Some analysts argue that the drop in transaction fees and negative sentiment could precede a strong token rally. Market psychology and technical indicators together suggest investors should monitor short-term declines carefully. Additionally, XRP ETF products reached $1 billion in assets under management in under four weeks and now total approximately $1.23 billion. Four ETFs manage over 597 million XRP, with net inflows of $935 million, highlighting strong institutional demand.

• Transaction fees hit five-year lows

• Descending triangle pattern targets $1.73

• Social sentiment in the “fear” zone

• Futures open interest dropped sharply

• Support range $2–$1.98 is crucial

**Not investment advice.

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The post XRP Sees Sharp Fee Decline, Analysts Eye Lower Price Targets appeared first on Coin Engineer.

Trend Holds for Now, But $2,550 Resistance Is Capping Gains

Currently, Ethereum is trading above its ascending trendline. However, the price is facing a strong resistance zone around $2,550.

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If this level is broken with meaningful volume, a short-term push toward $2,650 becomes a likely scenario. This move could bring renewed momentum to the market.

Losing the Trend Could Bring $2,360 Into Play

On the flip side, a breakdown below the trendline or the confirmation of a descending triangle formation could reverse the current outlook. In this case, the $2,360 area would act as the first key support.

In such indecisive market conditions, waiting for price confirmation before entering trades can be a safer strategy for investors.

You can also freely share your thoughts and comments about the topic in the comment section. Additionally, don’t forget to follow us on our Telegram, YouTube, and Twitter channels for the latest news and updates.

The post Ethereum Faces Key Resistance: Breakout or Breakdown Ahead? appeared first on Coin Engineer.