Recent on-chain activity data for XRP shows a concerning trend, with its status as a top encryption asset facing severe challenges. The latest statistics indicate that the number of active payments on the XRP network has plummeted to 835,000 within 24 hours, starkly contrasting with previous usage peaks. This phenomenon undoubtedly reflects a shrinking demand for transactions on the XRP ledger, even though it still holds a place in the current cryptocurrency market.



At the same time, XRP's price performance has also failed to keep pace with the overall market. With Ethereum and Bitcoin leading the market with strong gains, particularly with Ethereum expected to hit new highs, XRP's increase has been relatively modest, clearly lagging behind mainstream encryption currencies. This performance disparity highlights the market's preference for assets with stronger growth momentum and clear development direction.

From a technical analysis perspective, the daily chart of XRP shows a symmetrical triangle pattern, which often indicates that a price breakout is imminent, but the direction and strength of the breakout remain unclear. Investors are closely watching the breakout situation at the key resistance level of $3.09, while also not overlooking the two important support levels of $2.87 and $2.69.

It is worth noting that any breakout needs to be accompanied by a significant increase in trading volume to be considered a valid signal. If there is a lack of volume support, the price breakout may only be a flash in the pan, and a rapid pullback could occur at any time.

In summary, XRP is currently facing the dual challenges of declining on-chain activity and lagging price trends. In the increasingly competitive environment of the cryptocurrency market, whether XRP can regain market favor and regain growth momentum will become the focus of investors and industry observers. The future development trajectory of XRP will largely depend on its ability to achieve breakthrough progress in technological innovation and practical application scenarios.
XRP0.42%
ETH-1.71%
BTC-0.58%
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GasFeeSobbervip
· 08-14 12:45
Let's just stay here and watch XRP jokes.
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MetadataExplorervip
· 08-14 12:42
It's doomed, it's doomed, my 50,000 XRP
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RektButAlivevip
· 08-14 12:35
XRP is really going to g now.
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