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Gate Square New & Returning Creator Rewards are ongoing!
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XRP On-Chain Activity Surges: Can $1 Billion in Trading Volume Break Through the Price Bottleneck?
【Crypto World】In the past 24 hours, XRP’s on-chain activity has been quite vigorous. Key indicators have doubled, and payment transaction volume once surged to $1 billion — this scale is indeed significant. From the data, it may be driven by large settlements or institutional operations, once again confirming XRP’s practical application value.
However, the price situation is a bit tangled. Although recent rebounds pushed XRP above the short-term moving average, it has stubbornly failed to break through near the 50-day moving average. It seems this rally is more like a wave correction and not yet a confirmed trend.
The key is how it develops next. Continued high ledger usage could provide some support for the price, allowing it to gradually rise; but if it gets stuck at resistance levels and can’t break through, it might test recent lows again. The current situation is somewhat delicate — the data looks good, but the market is still in a tug-of-war.