XRP Price Rally Shows Potential Amid Declining Transaction Volume and Market Uncertainty

Key Points

1. XRP's price broke through the $2.50 resistance level, reaching above $2.60, driven by legal developments and market interest.

2. On-chain payment volumes for XRP have dropped by nearly 50% in the last fortnight, signaling a disconnect between price and network activity.

3. Historically, XRP's sustainable rallies coincide with rising payment volumes, making the current decline a potential risk for volatility.

4. Technical analysis suggests a breakout above $2.50 could lead to a retest of $3.00, but failure to sustain momentum may trigger a pullback.

5. Investors should monitor transactional volume trends and Ripple's legal outcomes, as they are pivotal for XRP's medium-term prospects.