Despite the instability in the cryptocurrency market, XRP demonstrates record transaction activity, indicating its significant role in the digital asset ecosystem.
Transaction Activity of XRP Ledger
On June 22, 2025, XRP Ledger processed a record 1.83 million payments between accounts. This figure reflects the high activity of XRP as one of the most actively used digital assets for real transactions.
Current Price and Market Dynamics
Although XRP's price remains weak, having dropped below the psychologically important $2 level, investor confidence is declining. Technical analysis shows that XRP broke out of a symmetrical triangle and fell below its 200-day EMA. The RSI also indicates oversold conditions, confirming the drop in buying pressure.
XRP's Market Prospects
Fundamental indicators of XRP create conditions for price recovery. The record high transaction volume indicates real asset use, which could lead to increased demand for XRP. However, it is essential to consider that market sentiment may have more significant effects on price fluctuations than fundamental factors.
The existing discrepancy between price and transaction volume raises questions about XRP's future. Traders should closely monitor support levels in the $1.95-$2.00 range, as this can determine the asset's fate.
