XRP is currently trading at $2.40, unable to surpass the critical resistance at $2.56. The recent drop in new investor activity points towards declining adoption, complicating the price recovery and leading to potential downward movement if bearish trends persist.

The NVT ratio for XRP is at a five-year high, suggesting an overheated market. This indicates that while the network’s value exceeds transaction growth, it may lead to a price correction as the excitement cools and adoption declines.