XRP Hits New 3 Million Peak: Price Close to Losing $3
Main Idea
XRP achieved a significant on-chain milestone with a record number of transactions, indicating increased network utility, while its price remains bullish despite recent declines.
Key Points
1. XRP recorded 20.6 million transactions in a single day on July 24, marking a record for the year and highlighting increased network utility and user engagement.
2. XRP's price surged past $3.00 in July, reaching above $3.60, and remains structurally bullish despite recent declines, staying above key support levels.
3. The previous resistance level of $2.99 has turned into support, reinforcing the bullish technical outlook for XRP.
4. XRP's strength is described as functional rather than speculative, with utility-based flows such as cross-border transactions contributing to its performance.
Description
XRP rapidly losing traction on market, but at the same time on-chain dynamics stay positive
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