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XRP Ledger Activity Jumps 154% as Token Price Bounces Off Support

MixedMedium impact
XRPUSD$1.38 2.78%

XRP (BITSTAMP:XRPUSD) bounced to $1.36 after falling to a low of $1.31, supported by a 153.9% jump in daily payment volume on the XRP Ledger. Network volume reached 363.3 million XRP over the last 24 hours, helping the token post a gain of 1.81% for the day after holding key support around $1.34.

While the sharp increase in transfer activity signals renewed network participation, the current volume remains below the 30-day average of 680.4 million XRP. The percentage surge comes off a particularly quiet prior day rather than setting new network records. Historical data shows that network activity typically moves in cycles, with previous volume spikes reaching between 1.9 billion and 2.7 billion XRP.

Investors are monitoring whether the token can break through resistance between $1.38 and $1.40. A sustained close above that range could push prices toward $1.45 and $1.50. Conversely, if momentum fades, buyers will need to defend the recent low of $1.31 to prevent further decline.

Key points

  • XRP Ledger daily payment volume rose 153.9% to 363.3 million XRP.
  • XRP (BITSTAMP:XRPUSD) stabilized near $1.36 after finding technical support at $1.31.
  • Total transfer volume remains below its 30-day average of 680.4 million XRP despite the daily gain.
  • The key resistance zone sits between $1.38 and $1.40, while $1.31 serves as main support.

Written by our AI from expert market sources across the web. It can contain mistakes: check the facts before acting on them. Write-ups powered by the free AI API at FreeTheAI.org

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Questions and answers

Why did XRP Ledger payment volume jump?

XRP Ledger payment volume rose 153.9% in 24 hours to 363.3 million XRP as activity rebounded from a quiet stretch.

What are the key price levels for XRP?

XRP faces technical resistance between $1.38 and $1.40, while technical support holds around $1.31.

Is the current XRP Ledger volume at a record high?

No. The 363.3 million XRP volume remains below the 30-day average of 680.4 million XRP and well below peak historical levels.