XRP Drops 300M Tokens in 24 Hours – What’s Really Going On?
XRP just saw a massive decline in on-chain payment volume — nearly 300 million tokens vanished in a single day. Just days ago, daily activity was booming at 700M+. By May 22, it dropped to 412M. So what triggered the fall?
◇Technical Breakout, But Real-World Use Falters
XRP recently broke out of a long downward trend, even reclaiming the 200 EMA — a big bullish signal. But while the charts flash green, the actual utility is sinking. Payment volume — a real-world usage metric — is crashing, raising red flags.
◇Price vs. Utility: A Growing Gap
Yes, the price moved up — but without a boost in transaction volume, it may be running on hype. Lower institutional activity? Less user demand? The signals are mixed.
◇Key Levels to Watch
XRP must hold above $2.30–$2.35 to keep the momentum alive. If it does, we might see a run toward $2.60. But falling below? Expect a dip toward $2.15.
◇Indicator Check: RSI Says There’s Room
The RSI still has room before hitting overbought. So the rally isn’t over — but it needs fuel. Without higher on-chain usage, this breakout may not stick.
◇TL;DR:
The charts look bullish. The usage? Not so much. XRP’s next move hinges on real demand, not just price action.
Disclaimer: This post is for educational purposes only and is not financial advice.
