XRP Plummets 60% as Network Payment Volume Declines

2025-10-13 20:31

XRP has suffered a dramatic 60% price drop over the past week, coinciding with a significant decrease in network payment volume. As of October 12, the total payments on the XRP Ledger fell from over 1.5 billion XRP to 671 million XRP, highlighting a marked slowdown in network activity. Technical indicators reveal that XRP's price has broken below key moving averages, with a weak recovery to $2.06 and the Relative Strength Index (RSI) hovering around 41, suggesting persistent bearish sentiment. Analysts caution that without a resurgence in transactional activity and liquidity, XRP could face further declines towards $2.40 or $2.20.

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