Connect with us

Crypto World

Solana Active Addresses Soar as More Merchants Accept Bitcoin

Published

on

Bags token launches on Solana

January delivered a mix of on-chain momentum and macro headwinds, spotlighting how activity on major networks can surge even as prices wobble. In particular, Solana and Ethereum posted notable milestones, while Bitcoin miners in the United States faced weather-driven disruption. Beyond network metrics, the month also underscored the growing role of crypto in everyday commerce as PayPal highlighted rising merchant adoption. The month’s narrative wove together rapid token launches, upgrade-driven efficiency gains, and geopolitical jitters that reverberated through risk assets, leaving investors weighing the pace of innovation against real-world constraints.

Key takeaways

  • Solana (CRYPTO: SOL) saw a 115% jump in active daily addresses by Jan. 28, regularly surpassing 5 million, driven by renewed memecoin minting and an ecosystem push around token launches.
  • Ethereum (CRYPTO: ETH) activity surged 25% in January after a December milestone where the network surpassed several major Layer 2s in daily active addresses, aided by upgrades that boosted throughput and lowered costs.
  • Network fees on Ethereum remained low on average, dipping to under $0.01 on Jan. 29 as capacity improvements took effect.
  • Bitcoin (CRYPTO: BTC) faced price volatility, briefly pushing toward $100,000 mid-month before retreating to around $87,000 amid geopolitical headlines centered on Greenland and broader risk-off sentiment.
  • Merchant adoption of crypto payments continued to expand in the US, with four in ten merchants reporting acceptance, and 84% predicting crypto payments will become mainstream within five years, per a PayPal (EXCHANGE: PYPL) January report.

Tickers mentioned: $BTC

Price impact: Negative. Bitcoin moved from a monthly high near $97k to about $87k amid geopolitical headlines and shifting risk sentiment.

Market context: The month illustrated how on-chain activity can accelerate even as macro headlines and policy signals shape risk appetite, with Ethereum’s upgrade cycle contributing to lower fees and Solana’s launch-driven activity underscoring a healthy, if episodic, ecosystem dynamic.

Why it matters

The January dynamics underscore a recurring theme in crypto markets: on-chain activity can accelerate even in periods of price uncertainty when infrastructure improvements, developer activity, and user demand coalesce. Solana’s surge in active addresses signals continued trust in its ability to support rapid token launches and decentralized applications, particularly as launch platforms like Bags compute the economics of new tokens and liquidity taps into a broader user base. The 115% rise in daily active addresses by late January, anchored by data from Nansen, points to a cohort of participants returning to activity after a quieter stretch, and it hints at a cyclical pattern of experimentation and completion within Solana’s ecosystem.

Advertisement

Ethereum’s resilience, evident in a 25% rise in daily active addresses in January, reinforces the narrative of a network maturing beyond episodic speculation. After overtaking some notable Layer 2s in December, Ethereum’s continued usage reflects a combination of broader dApp engagement and ongoing optimizations—essentials for a network contemplating sustained scalability. The drop in average transaction fees to sub-cent ranges around the end of January illustrates how upgrade-driven capacity expansions can alter user experience, lowering the cost barrier to routine usage and potentially widening the audience for on-chain services. This dynamic matters for builders seeking predictable costs and users seeking reliable, fast transactions.

On the funding, infrastructure, and governance side, the month’s events remind market participants that energy and risk management remain acute for miners, especially in climates where grid stability is tested. The storm-induced curtailment scenario in the United States—where seven mining operations faced potential reductions—highlights the sector’s reliance on demand-response programs and the delicate balance between profitability and grid reliability. As Matthew Sigel, head of digital assets research at VanEck, noted, these facilities can act as flexible loads, a capability that could prove valuable during periods of grid stress. The broader takeaway is that mining economics are increasingly intertwined with energy policy and regional weather events, not solely with Bitcoin price movements.

Beyond network activity and mining resilience, the integration of crypto into everyday commerce continued to gain traction. PayPal’s January report showing that roughly 40% of US merchants accept crypto marks a meaningful expansion from niche adoption to a broader business reality. With 84% of merchants surveyed expecting crypto payments to become mainstream within five years, the trend points to a persistent demand-side readiness among consumers and a growing willingness among merchants to accommodate digital assets in checkout flows. The combination of merchant adoption alongside on-chain efficiency gains strengthens the case for crypto as a viable complement to traditional payments, even as headline risk and regulatory chatter persist.

The January price narrative was tempered by geopolitics. Bitcoin’s mid-month push toward the $100,000 level gave way to a retreat as Trump-era tensions and Greenland-related headlines created risk-off dynamics across markets. Analysts argued that cryptocurrencies did not provide a safe haven during a broad market sell-off triggered by policy rhetoric and cross-border tensions. While the macro environment remains uncertain, the month’s on-chain signals suggest that user activity and infrastructure improvements could sustain longer-term momentum, even if short-term price action remains fragile in response to external shocks.

Advertisement

What to watch next

  • Solana ecosystem activity: Track the pace and quality of token launches on Bags and any shifts in memecoin issuance that could drive activity into February.
  • Ethereum upgrade cadence: Monitor further network efficiency gains, blob sizes, and gas-price dynamics as core developers push toward finalization milestones and the walkaway test concept gains broader attention.
  • Mining and energy dynamics: Watch potential curtailments or reliefs as winter weather patterns evolve, and assess how demand-response programs influence miner economics and network security.
  • Crypto payments adoption: Follow PayPal’s ongoing reporting on merchant uptake and consumer usage to gauge how mainstream adoption is progressing and what that means for on-chain settlement velocity.
  • Geopolitical and regulatory signals: Remain attentive to developments that could impact risk sentiment, capital flows, and the willingness of institutions to engage with crypto markets during periods of geopolitical tension.

Sources & verification

  • Nansen data on Solana’s active daily addresses, with figures peaking above 5 million by late January.
  • DeFiLlama metrics showing Bags platform fee activity and the token-launching landscape on Solana, including the comparison with Pump.fun.
  • Etherscan gas tracker figures indicating January 29 average Ethereum fees below $0.01.
  • Vitalik Buterin’s public remarks on Ethereum’s “walkaway test” and the idea that the network should function without constant developer intervention.
  • VanEck commentary by Matthew Sigel on how mining operations can operate as flexible loads to support grid stability during stress periods.
  • PayPal’s January report on crypto payment adoption, noting the share of US merchants accepting crypto and the sentiment around mainstream adoption in five years.
  • Geopolitical developments around Greenland and related market responses that influenced risk-on assets such as Bitcoin.

Market reaction and key details

Solana (CRYPTO: SOL) posted a striking gain in on-chain activity in January as the ecosystem gathered momentum around token launches and integrations. By Jan. 28, total active daily addresses on the Solana network exceeded five million, marking a roughly 115% jump from the start of the month. The surge aligned with a renewed minting cycle on the Bags launchpad, a Solana-based platform that has become a hub for new tokens, and with the broader appetite for fast, low-fee transactions. The momentum was amplified by a parallel development: the release of Claude Cowork, an AI agent from Anthropic intended to help manage tasks, which developers leveraged to accelerate token-related experiments. The resulting activity helped lift network usage into new territory even as the broader market navigated a volatile January.

Data collected Jan. 28.

Following this spike, fees on the Bags ecosystem reached about $4.5 million on Jan. 16, highlighting how surges in launch activity can temporarily elevate on-chain costs. By contrast, the broader Solana ecosystem had experienced days with substantially lower fees in late 2024 and 2025, underscoring how launch-driven demand can create short-lived headwinds for users and developers participating in token drops. The number of tokens that “graduated” from Bags continued to outpace other Solana launch venues, indicating Bags’ growing role as a go-to path for new projects seeking initial liquidity and community engagement.

Bags token launches on Solana
Data collected Jan. 28.

On Ethereum (CRYPTO: ETH), activity mirrored a maturation trajectory that has been evident since late 2023. After Ethereum overtook several prominent Layer 2 networks in daily active addresses in December, January’s metrics showed a further 25% uptick in on-chain activity. Upgrades implemented through the month improved blob sizes and reduced transaction costs, with average fees dipping below $0.01 on Jan. 29, according to on-chain trackers. The upgrades were framed by the ecosystem as foundational work toward a more scalable and accessible platform, enabling more users to transact without the friction that previously constrained adoption.

Ethereum on-chain activity chart
Data collected Jan. 28.

That momentum occurred in the context of Vitalik Buterin’s call for a “walkaway test”—a benchmark for Ethereum to function sustainably without developers actively guiding the chain. The thrust behind the comment was to emphasize that a resilient network should continue to meet users’ needs even in the absence of ongoing, hands-on governance. In tandem with this vision, Ethereum’s upgrades were designed to improve efficiency and lower costs for end users, reinforcing the idea that long-term usability is central to network health.

Ethereum upgrade impact
Data collected Jan. 28.

Meanwhile, Bitcoin faced a different set of headwinds in January. A winter storm disrupted power grids across the Southeast and South Central United States, prompting seven mining operations to consider curtailment. Data cited by Matthew Sigel of VanEck indicated that major players—Riot Platforms, Core Scientific, CleanSpark, and Bitdeer—maintained the ability to reduce grid demand through demand-response programs, a mechanism that can help stabilize power costs for operators while preserving grid reliability. The storm’s impact extended beyond energy, with travel disruptions, outages, and a humanitarian toll in several states as conditions worsened. The price narrative reflected this mood, with Bitcoin briefly testing near $100,000 earlier in the month before retreating toward $87,000 as turbulence persisted.

US winter storm impact
Data collected Jan. 28.

Beyond price action, crypto payments continued to gain traction in the broader economy. PayPal, a major payments processor, reported that four in ten US merchants now accept crypto, signaling increasing practical acceptance of digital assets in everyday commerce. The same report highlighted that crypto payments can offer faster settlement and enhanced privacy, factors that could drive further merchant experimentation in 2026. PayPal (EXCHANGE: PYPL) executives noted that crypto payments are moving beyond experimentation into everyday commerce, with 84% of merchants anticipating crypto’s mainstream status within five years.

Crypto payments adoption PayPal
PayPal merchant survey data.

The month’s mixed signals—robust on-chain activity on Solana and Ethereum against price swings driven by geopolitics and weather—underscore a market still in the process of reconciling technology-driven momentum with macro risk. The Greenland headlines, which briefly suggested potential policy pivots and security considerations, reminded markets that crypto assets remain sensitive to global political developments. Analysts argued that while cryptocurrencies don’t always act as a hedge in the face of geopolitical stress, their growing integration into real-world use cases—from token launches to payments—could help sustain longer-term interest even when price action turns choppy.

https://platform.twitter.com/widgets.js

Risk & affiliate notice: Crypto assets are volatile and capital is at risk. This article may contain affiliate links. Read full disclosure

Source link

Advertisement
Continue Reading
Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

Crypto World

Where Is The Best Place To Turn $500 Into $5,000? Remittix Rewards Presale Investors With 300% Bonus

Published

on

Where Is The Best Place To Turn $500 Into $5,000? Remittix Rewards Presale Investors With 300% Bonus

As investors search for high-upside opportunities in a cautious crypto market, Remittix is drawing serious attention. The PayFi-focused project has already raised over $28.9 million, launched a live wallet and is now offering a limited 300% bonus to presale participants.

With real product traction and tightening supply, Remittix is increasingly viewed as a rare early-stage setup with asymmetric potential.

Why Remittix Is Drawing Capital Right Now

Remittix is not competing on hype. It is competing on usefulness. The project is building a full PayFi ecosystem that allows users to convert crypto into fiat and send funds directly to bank accounts worldwide. No delays. No hidden charges. No complex steps.

This focus on everyday payments is resonating with both retail investors and businesses. Remittix solves that problem directly.

Advertisement

Momentum is already visible. Over 701 million tokens have been sold and the token price has climbed steadily to $0.123. The Remittix Wallet is live on the App Store. This will give users hands-on access to the ecosystem before the core crypto-to-fiat feature launches on February 9th 2026.

Security and credibility also matter in this stage of the market. Remittix has been fully verified by CertiK, with audited smart contracts and a public development roadmap. Exchange exposure is lining up as well, with BitMart confirmed and LBank announced.

These factors explain why many analysts now describe Remittix as a best crypto to buy now for investors seeking real utility rather than narrative-driven speculation. With the presale entering its final stretch, some are already framing RTX as a top crypto under $1 that still offers early-entry dynamics.

The 300% Bonus Is Driving Urgency

The strongest short-term catalyst is the limited 300% bonus, available for just 72 hours. This incentive dramatically increases token allocation for early participants and has accelerated inflows across the presale.

Advertisement

Combined with a referral program that rewards community growth, the structure favors fast movers rather than passive observers.

What presale investors are getting right now

  • A time-limited 300% bonus that multiplies initial token allocation
  • A 15% referral reward paid in USDT and claimable every 24 hours
  • Confirmed centralized exchange listings starting with BitMart
  • A live wallet product with crypto-to-fiat functionality launching next

This combination is why some investors believe Remittix offers one of the clearest risk-reward profiles currently available. Turning $500 into $5,000 is never guaranteed. However, bonus mechanics, fixed supply and early-stage pricing significantly shift the math.

At $0.123, RTX still sits firmly in top crypto under $1 territory. With supply tightening and bonuses expiring, many see this window as unusually short. That urgency is also why Remittix keeps appearing in conversations around the best crypto presale opportunities this cycle.

A Long-Term PayFi Thesis With Short-Term Catalysts

Beyond bonuses, Remittix is structured for durability. The project targets the global payments market. This is a market estimated in the tens of trillions annually. That means that even modest adoption translates into sustained demand for the RTX token.

Advertisement

Unlike meme-driven assets, Remittix benefits from usage. Every transfer, every settlement and every business integration reinforces the network. That is why some analysts are already labeling it a best new altcoin candidate with staying power beyond launch.

Upcoming exchange listings are expected to enhance both liquidity and market visibility. The wallet rollout reduces onboarding friction for new users, while the planned February 2026 crypto-to-fiat launch completes the PayFi loop. Together, these milestones are advancing at a rapid pace.

From an investment perspective, this mix of near-term incentives and long-term utility is rare. It is also why Remittix is increasingly compared to earlier breakout projects that combined real-world relevance with early-stage pricing. Some market watchers even position RTX as a next big altcoin 2026 contender if execution continues as planned.

The referral program adds another layer of momentum, encouraging organic growth rather than paid hype. Community-driven expansion has historically supported stronger post-launch price stability.

Advertisement

For investors scanning the market for the best crypto to buy now, Remittix ticks multiple boxes at once. It pairs a best crypto presale structure with tangible delivery, clear timelines and shrinking availability. With the 300% bonus clock running down and tokens moving quickly, the question for many is not whether Remittix will launch, but how much of the early allocation will still be available when the window closes.

That same calculus is why some are already treating RTX as a potential next big altcoin 2026 story in the making, rather than just another short-lived presale.

Discover the future of PayFi with Remittix by checking out their project here:

Website: https://remittix.io/

Advertisement

Socials: https://linktr.ee/remittix


Disclaimer: This is a Press Release provided by a third party who is responsible for the content. Please conduct your own research before taking any action based on the content.

Source link

Advertisement
Continue Reading

Crypto World

Is Hyperliquid Losing Ground? On-Chain Data Highlights Rising HFDX Adoption

Published

on

21Shares Introduces JitoSOL ETP to Offer Staking Rewards via Solana

Some parts of the crypto world think Hyperliquid might be slowing down. That talk comes as new numbers show traders and capital flow shifting toward new DeFi projects like HFDX. On-chain data shows trading patterns and volume trends that hint at real changes in where users spend their time and capital.

Meanwhile crypto prices, news, and expert views shape how people see these projects today. In this piece, we look at Hyperliquid’s recent situation and then contrast it with what HFDX is doing. The goal is to give you a clear snapshot of the current state of play.

Hyperliquid: On-Chain Data, Price Moves and What Experts Say

Hyperliquid’s native token HYPE has had a mixed run lately. Some reports show that HYPE had strong periods of trading and network activity in 2025. At times, its prices climbed after large on-chain liquidity and network upgrades that lowered fees and drew traders to its perpetual markets. On-chain figures show huge trading volumes and growing open interest, which helped push HYPE toward past price highs.

But recent market chatter suggests pressure on the token. Some news points to price slides or sideways trading around current levels, even though earlier in late 2025 it rallied thanks to on-chain liquidity innovations.

Advertisement

Analysts and price prediction models still talk about potential upside for HYPE into future years. Some long-term price outlooks suggest that if adoption and volume remain strong, HYPE could trade significantly higher in the medium term.

Still, not all views are upbeat. Some experts say the market overall remains weak, and the hype around early growth may fade as users look for fresh opportunities. The idea that Hyperliquid is losing ground is tied to how traders react to alternatives and look for new ways to manage capital and risk.

HFDX: On-Chain Futures and Structured Yield Momentum

HFDX is a newer protocol that offers non-custodial perpetual futures trading along with structured yield frameworks based on real protocol revenue. It targets active traders and investors who want precise tools without giving up control of their assets. HFDX runs entirely on-chain, and all actions, whether trades or liquidity participation, happen in smart contracts.

On-chain data shows some traders migrating from legacy decentralized exchanges to HFDX because of its risk-managed liquidity strategies and transparent fee structure. Reports that Bitcoin perpetual traders have been splitting volume between Hyperliquid and HFDX point to a real shift in user priorities. HFDX’s structured approach draws those who want returns tied to actual trading revenue and borrowing fees rather than just speculation.

Advertisement

HFDX’s technical design mixes deep liquidity with risk controls that appeal to DeFi-native users. The liquidity loan note (LLN) strategies let participants put capital into protocol liquidity and receive fixed rates that reflect real activity. This model may attract users seeking a different balance of risk and return.

What HFDX offers:

  • On-chain perpetual futures with full user custody
  • Trades that clear against shared liquidity pools
  • Pricing based on decentralized oracle feeds
  • Liquidity Loan Note strategies with fixed terms
  • Yield tied to trading fees and borrow costs
  • Smart contracts that manage risk rules on-chain

Experts Note A Shifting Landscape

In the short term, Hyperliquid still holds significant on-chain volume and active user counts. Its upgrades and network features helped it achieve strong adoption in earlier phases, and experts continue to discuss its price prospects. Still, recent market signals and trader behavior hints that some of its user base is looking elsewhere.

HFDX’s rise does not mean Hyperliquid is done. It just shows the market is evolving. Traders now split capital, test new products, and choose platforms based on what fits their goals. HFDX’s structured yield options and transparent execution are part of that shift. The next few months will be critical for both protocols as price trends, on-chain metrics, and user choices play out in real time.

Make Your Money Work Smarter And Unlock A Wealth Of Opportunities With HFDX Today!

Website: https://hfdx.xyz/ 

Advertisement

Telegram: https://t.me/HFDXTrading 

X: https://x.com/HfdxProtocol 


Disclaimer: This is a Press Release provided by a third party who is responsible for the content. Please conduct your own research before taking any action based on the content.

Source link

Advertisement
Continue Reading

Crypto World

Pudgy Penguins, Known For NFT Toys, Dives Deeper Into Soccer

Published

on

Best Wallet

Join Our Telegram channel to stay up to date on breaking news coverage

Pudgy Penguins, a globally recognized non-fungible token brand known for creating NFT-inspired toys, has expanded into soccer through significant NFT partnerships with two leading football clubs. Pudgy Penguins NFT team, which partnered with Spain’s soccer club CD Castellón last year, has now partnered with England’s Premier League soccer club Manchester City. In this article, we shall explore this expansion journey further.

Pudgy Penguins’ Journey From Toys To Soccer

Over the weekend, the Pudgy Penguins team, via its official X account, confirmed that it has dived deeper into the world of soccer. Launched in July 2021, the Pudgy Penguins is a digital asset incubation studio known for creating Pudgy Penguins, a globally recognized non-fungible token collection featuring a fixed set of 8,888 unique digital penguin characters on the Ethereum blockchain network.

Pudgy Penguins is also the brainchild behind Lil Pudgy, a non-fungible token series that features a fixed supply of 22,222 smaller NFTs hosted on the Ethereum blockchain network, Pudgy Rod, a companion collection of fishing rod NFTs that were airdropped to original holders in 2021 and are now used as multipliers in the ecosystem and soulbound tokens, a non-transferable tokens such as ‘Opensea x Penguins SBTs’ launched to recognize community engagement, loyalty, and licensing participation.

Pudgy Penguins entered the physical retail space in May 2023 with the release of its first line of toys. Initially launched online through Amazon, the collection sold over 20,000 units in its first 48 hours and generated more than $500,000 USD in sales. This was clear evidence of a strong demand beyond the NFT community. Later that year, the toys were stocked in more than 2,000 Walmart stores across the U.S., and within 12 months of launching, over 1 million plushies had been sold worldwide. These plushies are now available in the United States, Europe, Asia, and Hong Kong.

Pudgy Penguins Dives Deeper Into Soccer

Pudgy Penguins NFT team partnered with the Spanish soccer club CD Castellón in January 2025 to feature their characters on the team’s official jerseys and shorts. As part of the collaboration, an open edition NFT was released, and some holders of that NFT were eligible to be featured in some way related to the partnership. Pudgy Penguins and Lil Pudgys characters appeared directly on CD Castellón’s jerseys.

Advertisement

In the latest news, the Pudgy Penguins NFT team has announced a “landmark partnership” with English Premier League champions Manchester City to launch a premium co-branded NFT line targeted at an adult audience. This move is considered one of the highest-profile crossovers between a web3-native brand and a global sports giant, aimed at bringing the Pudgy Penguins intellectual property to a massive, mainstream audience. The merchandise drop was scheduled for January 17, 2026.

These ventures are part of the Pudgy Penguins’ broader strategy to evolve beyond their digital origins and toy lines into a mainstream, global intellectual property (IP) through real-world utility and high-profile brand building, bridging the gap between digital assets and traditional markets. This integration will provide tangible ways for NFT holders to feel part of the brand’s journey, reinforcing holder identity and community.

Related NFT News:

Best Wallet – Diversify Your Crypto Portfolio

Advertisement

Best WalletBest Wallet
  • Easy to Use, Feature-Driven Crypto Wallet
  • Get Early Access to Upcoming Token ICOs
  • Multi-Chain, Multi-Wallet, Non-Custodial
  • Now On App Store, Google Play
  • Stake To Earn Native Token $BEST
  • 250,000+ Monthly Active Users

Best WalletBest Wallet


Advertisement

Join Our Telegram channel to stay up to date on breaking news coverage

Source link

Advertisement
Continue Reading

Crypto World

XRP Risks Another 23% Drop as Price Slides Below $1.60

Published

on

XRP Risks Another 23% Drop as Price Slides Below $1.60

XRP (XRP) price dropped below $1.50 over the weekend, its lowest level in over 14 months. Now, a bearish technical setup on the charts suggests that the downtrend may extend throughout February.

Key takeaways:

  • XRP’s bear pennant on the four-hour chart targets $1.22.

  • XRP futures open interest dropped to $2.61 billion, which gives some hope for the bulls.

XRP/USD daily chart. Source: Cointelegraph/TradingView

XRP price chart shows a textbook bear pennant

On Saturday, XRP price fell about 14% from a high of $1.75 to a low of $1.50, losing the $1.60 support level for the first time since November 2024. 

The latest drop has put it into the breakdown phase of its bear pennant setup, as shown on the four-hour chart below.

Advertisement

Related: Price predictions 1/30: BTC, ETH, BNB, XRP, SOL, DOGE, ADA, BCH, HYPE, XMR

XRP dropped below the pennant’s lower trendline on Tuesday, then rebounded to retest it as support. The price is likely to drop lower if the retest fails and a four-hour candlestick closes below this level at $1.58.

The measured target of the bear pennant, calculated by adding the height of the initial drop to the breakout point, is $1.22, representing a 23% drop from the current price.

XRP/USD four-hour chart. Source: Cointelegraph/TradingView

XRP’s recovery to $2.40 in January turned out to be a “fakeout” as the price continued to form “price formed a fresh lower lows,” pseudonymous analyst AltCryptoGems said in a recent post on X, adding:

“The downtrend remains intact and we are on the verge of a disastrous collapse in a huge no-support zone.”

XRP/USD daily chart. Source: AltCryptoGems

Trader and investor Alex Clay said that after breaching the support line of a double bottom pattern at $1.60, the path is now cleared for a drop toward $1 or lower.

Cryptocurrencies, XRP, Markets, Price Analysis, Market Analysis, Altcoin Watch
Source: X/Alex Clay

As Cointelegraph reported, XRP’s next major support level is near its aggregated realized price at $1.48. If this level is lost, it would put the average holder underwater, a setup that closely matches the 2022 bear phase that ultimately ended in a 50% drawdown toward $0.30.

XRP buyers step back

The 90-day Spot Taker Cumulative Volume Delta (CVD), a metric that tracks whether market orders are driven by buyers or sellers, reveals that buy-orders (taker buy) have been declining sharply since early January.

Advertisement

While demand-side pressure has dominated the order book since November 2025, buy orders have dropped sharply over the last 30 days, according to CryptoQuant.

This indicates waning enthusiasm or exhaustion among XRP investors, signaling reduced bullish momentum and increasing downside risk for the price. 

Previous sharp drops in spot CVD have been accompanied by 28%-50% price drawdowns within weeks.

XRP spot taker CVD. Source: CryptoQuant

However, in the current downtrend, one hope for the bulls is the declining XRP futures open interest (OI). It has dropped sharply to $2.61 billion on Wednesday, from $4.55 billion on Jan. 6. 

When OI declines in combination with falling prices, it indicates a weakening bearish trend or a potential trend reversal.

Advertisement

This could provide some fuel for the bulls to test the important overhead resistance at around $1.85, a level that served as support throughout most of 2025.

Cryptocurrencies, XRP, Markets, Price Analysis, Market Analysis, Altcoin Watch
XRP Open Interest. Source: CoinGlass