๐ฟ๐น๐ท ๐ซ๐๐๐๐ ๐๐๐๐ด ๐ป๐๐๐๐๐ ๐๐ ๐๐ ๐ฏ๐๐๐๐ โ ๐พ๐๐๐โ๐ ๐น๐๐๐๐๐ ๐ฏ๐๐๐๐๐๐๐๐โ
just saw a sharp drop in on-chain payment volume โ nearly 300 million tokens disappeared in a single day. Activity was riding high at over 700M recently, but by May 22, it plunged to 412M. Whatโs behind the sudden dip?
โ Technical Breakout vs. Weak Utility
XRP broke above a long-term downtrend and reclaimed the 200 EMA โ a bullish chart move. But real-world usage is slipping. On-chain payment volume, a key utility metric, is crashing โ and that's a warning sign.
โ Price Up, Usage Down
While XRPโs price is climbing, it's not backed by rising transaction activity. This could signal hype-driven gains. Declining institutional or user demand might be the cause.
โ Crucial Support Levels
XRP needs to stay above $2.30โ$2.35 to keep the rally going. Holding that zone could lead to $2.60. But if it breaks down, expect a drop toward $2.15.
โ RSI Still Bullish, But Needs Support
RSI hasnโt hit overbought yet, meaning the rally may have more room โ but without higher usage, this breakout risks fading.
TL;DR:
XRP's charts are bullish, but real demand is weakening. Future price action depends on whether actual usage catches up.
#XRPUpdate #CryptoMarkets #TrumpTariffs #BlockchainUtility #AltcoinAnalysis
