XRP Struggles as On-Chain Activity Drops 90% in One Day

2025-09-24 16:46

XRP's price recovery efforts have faltered, with the cryptocurrency failing to break through key resistance levels amid a significant drop in on-chain activity. On September 24, XRP payments plummeted by over 90%, falling from nearly 11.8 billion XRP to just 186 million XRP in a single day. Additionally, daily transaction counts decreased sharply from over 10.9 million to 500,000, indicating a substantial decline in network demand. The price of XRP remains slightly above its 200-day EMA at $2.87, but persistent rejections at the $3.00 mark suggest a lack of buyer confidence. Without a notable increase in trading volume, XRP could face further price declines or extended periods of consolidation.

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