XRP Shows 50% Drop Amid Price Rally: Is It Over?
2025-07-11 13:47:07
Main Idea
XRP's recent price rally may be at risk due to a 50% drop in network payment volume, despite earlier strong performance driven by market expansion and Ripple's developments.
Key Points
1. XRP's price surged above $2.60, driven by market expansion and optimism around Ripple's business and legal developments.
2. Network payment volume for XRP has dropped by nearly 50%, from about one billion XRP daily in June to 500 million by July 10, signaling reduced usage and potential volatility.
3. A breakout above $2.50 could allow XRP to retest $3, but declining payment volume may trigger profit-taking and threaten the rally's sustainability.
4. Investors should monitor payment metrics for recovery or stabilization; if volume remains weak, the rally may lose momentum.
5. Persistent low payment volume could jeopardize XRP's upward trajectory, despite its earlier strong performance.
Description
XRP's rally might stop much sooner than anticipated
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