XRP prices surged significantly, with inter-account payment volume increasing by 400%, and the number of successful transactions also rising sharply, indicating a substantial boost in network activity and throughput. Although on-chain transaction volume has grown, XRP remains in a downward trend overall, with trading prices below key moving averages. Technical indicators show ongoing downside risks, and market cautiousness is increasing. The divergence between robust ledger metrics and price movements has raised questions: can this surge in trading activity translate into sustained market demand, or is it just a fleeting phenomenon?
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XRP prices surged significantly, with inter-account payment volume increasing by 400%, and the number of successful transactions also rising sharply, indicating a substantial boost in network activity and throughput. Although on-chain transaction volume has grown, XRP remains in a downward trend overall, with trading prices below key moving averages. Technical indicators show ongoing downside risks, and market cautiousness is increasing. The divergence between robust ledger metrics and price movements has raised questions: can this surge in trading activity translate into sustained market demand, or is it just a fleeting phenomenon?