XRP Network Activity The average number of transactions per ledger has increased significantly. This indicates higher usage and engagement within the ecosystem.
Despite Upgrading Network Activity, XRP’s Value Faces Challenges It is currently trading around $2.16, struggling to cross a key resistance level. It is the 26-day Exponential Moving Average (EMA). Repeated failure to break this resistance could indicate an immediate lack of upward momentum.
The downside is that the support level at $1.42 remains significant. A break through this threshold could signal a longer downtrend. Conversely, a break above $2.10 could revive investor confidence. This could pave the way for a test of the $2.50 level.
It is worth noting that although increased transaction volume often reflects greater utility, and may attract more participants into the ecosystem. But the relationship between chain activity and prices is not always immediate. Short-term price movements will be heavily influenced by market sentiment, so investors and traders should closely monitor the 26 EMA resistance and $1.42 support levels, as a breakout in either direction could set the tone. XRP’s Next Important Move