XRP's on-chain payment transaction volume has surged to a six-month high, with an average of approximately 1.45 million transactions per day. This indicates a structural recovery in network usage, surpassing a typical cyclical rebound. Despite strong fundamentals, the price remains below key long-term resistance levels, including the 200-day moving average, suggesting a current technical consolidation phase. The divergence between increased utility and lagging price hints at potential long-term investment opportunities, but to confirm an upward trend, the price needs to retake the short-term moving averages.
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XRP's on-chain payment transaction volume has surged to a six-month high, with an average of approximately 1.45 million transactions per day. This indicates a structural recovery in network usage, surpassing a typical cyclical rebound. Despite strong fundamentals, the price remains below key long-term resistance levels, including the 200-day moving average, suggesting a current technical consolidation phase. The divergence between increased utility and lagging price hints at potential long-term investment opportunities, but to confirm an upward trend, the price needs to retake the short-term moving averages.