XRP Ledger Transaction Volume Drops to 300 Million Level... Real-Use Indicator Retreats Over 70%

Digitaltrends AI Reporter: XRP Ledger's daily transaction volume has declined to 312.8 million XRP, with total transactions remaining around 438,000, weakening the network's real-use indicator. According to blockchain media The Block, payment volume, which reflects actual fund transfers between accounts rather than speculative trading, has dropped over 70% from its peak in early May. Price action remains weak, with XRP trading around $1.10 and below key moving averages. The 26-day EMA acts as a short-term resistance near $1.11, while the 50-day EMA is at $1.14. Both the 100-day and 200-day EMAs are higher at $1.25 and $1.46 respectively. Market participants await clearer bullish signals, as recent attempts to rebound have stalled before reaching key resistance levels. Recovery of the 50-day EMA remains critical for maintaining support above $1.00.