Recent analysis paints a concerning picture for XRP’s rally, as key on-chain metrics suggest potential vulnerability. Despite surging over 385% since late 2024, the cryptocurrency’s price movement is raising concerns about reaching a market top. Key indicators highlight these issues: 70%+ of XRP’s realized cap has been accumulated near recent highs, mirroring previous market peaks. This concentration of buying power, while driving initial growth, might leave the asset vulnerable to a sell-off when market conditions shift. Active address count, which soared after the price breakout in March 2025, has subsequently plummeted by over 90%. This decline indicates a waning transactional activity. Additionally, technical analysis reveals XRP is currently caught within a falling wedge pattern. A potential pullback to support levels near $1.76 might occur if the current trendline holds. The price drop would be in line with historical patterns where similar divergence between price and on-chain data triggered market corrections. This article serves as informational purposes only, not financial advice. Readers are encouraged to conduct thorough research before making any investment decisions.