XRP, a popular cryptocurrency, reached a historic milestone by processing 1.5 million transactions in a 24-hour period, yet its price remains under pressure.
Record Number of Transactions
On June 21, XRP processed over 1.5 million transactions, the highest since early 2025. The surge in activity indicates a growing usage of the XRP Ledger for actual transactions.
Technical Analysis of XRP
The cryptocurrency lost support from the 200-day moving average, indicating a bearish trend. The relative strength index (RSI) dropped below 40, signaling increasing bearish momentum and reducing short-term growth prospects.
Market Prospects and Paradox
Despite current technical difficulties, a rise in transaction volume may help XRP find stability. Historically, increases in network activity have often preceded price increases. Investors are in a complex situation due to the disparity between technical weakness and fundamentals.
The overall outlook for XRP's opportunities remains uncertain, but a continuing increase in network activity may provide a foundation for future gains if market conditions stabilize.
