The XRP payment activity surges despite a stable price

XRP is making waves with a dramatic 117.41% increase in on-chain payment activity, reaching a monthly high of over 1.1 million payments on June 9. While the price remains relatively stable around $2.29, the total payment volume has exploded to over 430 million XRP.

Looking at the recent 4-hour chart:

- The price has been consolidating between $2.26-$2.32

- The trading volume peaked at 1.13M during the surge

- The current pattern shows resistance at the support level of $2.3

This disconnect between the booming activity and the sideways price action is fascinating! Experts speculate that this could be due to:

1. Growing institutional interest

2. Increased adoption of cross-border payments

3. Anticipation of regulatory clarity

This could be the calm before the storm for XRP! Do you want to position yourself before a possible price movement?