A recent analysis has revealed concerning trends in the key metrics of XRP, indicating potential challenges for the cryptocurrency’s performance. Six out of eight key performance indicators (KPIs) on the XRP Ledger are currently trending downwards, potentially signaling a decrease in investor activity and market interest. While XRP has managed to stay above $2.00 due to strong resistance at the 50 and 100 EMAs, it struggles to maintain upward momentum, trapped within a descending price channel. This decline is supported by a drop in on-chain metrics such as payments, active accounts, and fees burned over the past 30 days, suggesting reduced network activity and user engagement. While two indicators show slight increases, they are insufficient to counterbalance the overall bearish signals.