XRP Hits New 3 Million Peak: Price Close to Losing $3

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.