The XRP Ledger recorded a 300% surge in peer-to-peer payment volume in just 48 hours, recovering activity levels seen before the broader market correction. The number of successful transactions also rose sharply, indicating that the network is operating with significantly higher throughput than it showed during the bearish phase.
Despite this recovery in on-chain metrics, the outlook for XRP remains structurally weak. The token trades at $1.47, up 8%, but remains below its key moving averages and continues defining its momentum through lower highs — signals that technical indicators reinforce with a bearish bias.
In previous cycles, sustained increases in payments and transactions ultimately supported stabilization phases, though only after selling pressure was exhausted. If activity on the XRP Ledger continues to grow while price establishes higher lows, that alignment between usage and market structure would be the first clear signal that XRP is transitioning from an activity recovery to a value recovery.
Source: https://www.tradingview.com/symbols/XRPUSDT/?from=article-links
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