XRP’s Diverging Path: Network Activity Soars as Price Struggles

A curious disconnect is unfolding in the XRP market. Despite the XRP Ledger processing transactions at a multi-month peak, the digital asset’s price faltered, decisively breaking below the psychologically significant $2.00 threshold on January 20. This divergence between robust on-chain fundamentals and bearish price action presents a complex picture for investors.

The recent price action has dealt a blow to bullish sentiment. XRP failed to maintain its footing above the crucial $2.00 level, succumbing to aggressive selling pressure that pushed its value to approximately $1.96. This move followed a breach of the prior support level at $1.972, which has now flipped to act as a new resistance zone—a classic bearish reversal pattern recognized Read more...