XRP Nears $2.27 Amid Rising XRPL Transactions, but Volume Lag Suggests Cautious Outlook
2025-07-11 07:49:17
Main Idea
XRP's network usage has surged with 1.6 million daily transactions, but its price remains near $2.27 due to lagging spot trading volume, facing resistance at $2.40 and $2.55.
Key Points
1. XRP Ledger (XRPL) daily transactions reached 1.6 million, indicating growing network adoption and utility.
2. XRP's price is stuck near $2.27, struggling to break resistance levels at $2.40 and $2.55.
3. Spot trading volume for XRP remains flat at around $1.9 billion, limiting price appreciation despite increased on-chain activity.
4. A 111% increase in trading with on-chain activity was noted, but sustained momentum is lacking for a price breakout.
5. Higher lows since June suggest a bullish triangle pattern, but the absence of significant spot volume hinders a pronounced rally.
Description
XRP maintains a steady position near $2.27 amid a surge in XRPL transactions, signaling growing network utility despite subdued trading volume. On-chain activity has reached 1.6 million daily transactions, yet
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