XRP Ledger Hits Record Activity as Price Struggles Amid Market Turbulence
While much of the cryptocurrency market grapples with heightened volatility, XRP is showing a stark divergence between network utility and price performance. On June 22, 2025, the XRP Ledger processed a staggering 1.83 million transactions in a single day — a testament to its growing adoption as a vehicle for real-world value transfer.
This surge in on-chain activity underscores XRP’s continued relevance as a transactional asset, even as its market price faces mounting pressure. After failing to hold the psychologically important $2 threshold, XRP broke down from a symmetrical triangle formation, slipping below its 200-day exponential moving average — a bearish technical development that signals a deterioration in investor sentiment.
The Relative Strength Index (RSI) has now entered oversold territory, confirming the momentum shift. With limited buying interest emerging at key support zones and subdued trading volume, the risk of further downside remains elevated. However, the underlying network data paints a sharply contrasting picture. The sustained increase in peer-to-peer transfers suggests that XRP’s utility is driving genuine demand, as opposed to speculative hype or retail-driven frenzy.
This growing disconnect between fundamentals and price action highlights a familiar dynamic in crypto markets: while strong network metrics often precede price recoveries, short-term sentiment tends to dominate in the interim. If XRP can sustain this elevated level of transactional activity, the fundamentals may eventually exert upward pressure on its valuation. But in the near term, traders should exercise caution and closely watch the $1.95 to $2.00 range, where the current network strength may potentially begin to provide meaningful price support.
In essence, XRP’s price appears to be whispering capitulation, while the XRP Ledger is loudly signaling adoption. One of these narratives will ultimately prevail — and such discrepancies rarely persist indefinitely.
