With over 1.5 million payments in 24 hours, it achieved a significant milestone.

Recently achieving a significant milestone in terms of network activity, breaking a record that had stood for four months. Network activity is increasing, suggesting a potential divergence between usage fundamentals and market sentiment, although price action presents a less optimistic picture. Technically, it has descended from a symmetrical triangle pattern that has been forming for weeks.

Following the loss of the 200-day moving average support, the short-term price outlook is bearish. This type of breakdown usually indicates the beginning of a downward trend. Additionally, the Relative Strength Index has fallen below 40, indicating increasing downward momentum. Given the current weak support, it may test lower levels in the coming days if it does not recover quickly.

However, the currency record shows a different picture, although the chart indicates weakness. Payments have significantly increased according to chain data; on June 21 alone, over 1.5 million transactions were processed, the highest number recorded since early 2025. This surge in activity suggests that the record has become more useful and widely used for actual transactions.

Given that increased usage typically stimulates demand, price rises have often historically been preceded by a continuous increase in network usage. Investors find themselves in a contradictory position due to the disparity between technical weakness and chain strength. Price responds to current liquidity flows and market pressures, but fundamental factors have begun to show signs of recovery.

Despite the current collapse, XRP may find stable ground and perhaps reverse its course if this trend in payment volume continues or increases. Volatility is likely to remain high in the near future. However, if general market conditions stabilize, the recent uptick in activity could provide a critical base for future gains for cryptocurrency holders who have held it for a medium to long term.

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