XRP on-chain transactions jump to 900,000 per day as price stays stuck in downtrend

XRP's network has recently recorded a sharp rise in payment activity, with daily transactions nearing 900,000 while trading volume and price momentum remain weak. The asset continues to trade below the $1.85–$1.90 zone where the 50-, 100- and 200-day moving averages are acting as resistance, leaving XRP in a declining channel despite the on-chain spike. Analysts note that this divergence between growing ledger usage and subdued price action raises questions about whether large entities or upcoming catalysts are driving the move.