XRP Ledger's Price 'Holds On' Despite 70% Drop in Trading Volume...Identifying Sections Where Money Gathers After Fear

▲ XRP

Although XRP Ledger's transaction activity has decreased by approximately 70% in a month, the price trend and network indicators are belatedly aligning, strengthening the interpretation that it is a phase of overheating resolution.

According to U.Today, a cryptocurrency specialized media outlet, on April 27 (local time), XRP Ledger's payment activity significantly cooled down over the past month, with the number of transactions decreasing by approximately 70%. While it superficially appears to be a sharp contraction, U.Today assessed it not as a structural weakening but as a process where abnormally soaring network usage returns to its normal range.

Previously, on-chain activity surged on the XRP Ledger, but actual market demand and price trends could not keep pace. While network usage significantly exceeded the baseline, the XRP price failed to establish sustained strength and was subsequently exposed to a prolonged correction.

U.Today diagnosed that network activity is decreasing to a more sustainable level, while the price is also entering a stable zone. Due to market structure, XRP consistently declined before forming a base around $1.40, and the repeated defense of this zone suggests that buying pressure is intervening more frequently than before and selling pressure is weakening, according to their analysis.

The decrease in trading volume was interpreted as a sign that speculative demand and temporary usage are exiting, creating a cleaner accumulation environment. U.Today explained that a decrease in ledger activity does not always mean a deterioration of fundamentals and is often a process of removing unsustainable excess demand.

The remaining network usage after excess activity subsides can be a more reliable indicator for judging organic demand. U.Today's key analysis is that if the XRP price maintains its support level and network activity stabilizes without further collapse, XRP could be at the starting point of entering a healthier cycle.

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