u.today
$XRP has formally fallen below the one billion daily payment volume threshold, a significant technical and symbolic milestone that highlights the network’s waning transactional momentum. Payment volume has dropped to 903 million $XRP, according to data from $XRP Ledger metrics, and the number of transactions has also decreased to about 1.98 million. This drop coincides with weakening price movement and rising skepticism about the token’s immediate prospects.
$XRP has not improved
On-chain activity provides a clear picture: since late October, there has been a gradual decline in both the total transfer volume and the number of executed transactions, reversing a brief recovery wave. In the past, a cooling off in network utility, fewer inter-account transfers and decreasing transactional throughput throughout Ripple’s ecosystem has been indicated when $XRP payment volume falls below the one billion threshold.
In terms of price, $XRP has not improved. The token, which is currently trading at $2.17, is having difficulty holding onto important support levels following an earlier attempt this week to break above $2.50. According to the daily chart, $XRP is in a sharp decline, with the 200-day EMA becoming solid resistance. The RSI is close to 35, indicating that bearish pressure is still strong but also pointing to a slight oversold situation that might encourage a technical recovery.
$XRP's plummeting on-chain activity
Expectations in the near future are muted due to a combination of deteriorating fundamentals and ongoing selling pressure. It is unlikely that market sentiment will change significantly unless $XRP can regain transactional traction and maintain payment volumes above $1 billion. The decline in on-chain activity also suggests that institutional usage, which is frequently cited as $XRP’s primary motivator, might be temporarily pausing.
Even though $XRP is still one of the most well-known digital assets in the industry, its present trajectory appears to be stagnant. Investors should prepare for further sideways-to-downward movement in the upcoming weeks, with a possible recovery only if payment volumes regain the lost billion-level milestone, unless there is a significant technical reversal or a resurgence in real transactional demand.