2,354,308 Xrp In 24 Hours Shows Bullish Market Structure

XRP's price has declined toward the lower end of its recent range, but on-chain activity on the XRP Ledger remains strong, with over 2.35 million transactions processed in a single day. Despite bearish market sentiment, transaction success rates and payment counts have stayed consistently high, indicating steady network usage rather than speculative surges.

Technical indicators show XRP trading below key moving averages, limiting short-term gains. However, the sustained volume of account-to-account payments suggests utility-driven demand, hinting that the current price weakness may represent a consolidation phase rather than a long-term downturn.

This divergence between price action and robust ledger metrics implies that once external pressures subside, XRP may be poised for recovery, supported by underlying network strength rather than speculative activity.