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.

Bitmine, a Fundstrat-backed company associated with Tom Lee, staked 342,560 ETH over two days, about $1 billion at current prices, and executed 74,880 ETH on Dec. 27. Transfers were batched in 28,320 ETH tranches, while SharpLink Gaming redeemed 35,627 ETH roughly four hours earlier. Despite the withdrawal, net staking inflows dominated.

According to the report, XRP Ledger active users recently climbed to around 191,000 before easing to roughly 170,000, signaling a notable expansion in on-chain participation after the holiday period. While XRP price remains trapped below key moving averages and inside a descending channel, declining exchange reserves and moderating open interest point to cautious positioning rather than heavy forced selling.

The crypto market is moving quietly during the holiday period, with low volatility and calm trading activity as several major assets form different technical setups. Shiba Inu has been sliding for weeks into oversold territory, while XRP shows early structural signs of recovery and Bitcoin trades in a narrow range with falling volume. These diverging patterns could shape how traders position themselves going into the new year.

An open interest swing of -2,490.73% in XRP derivatives, tied to a 15-minute change window, has raised questions about market stress. The move stems from a small initial base of open contracts and does not inherently signal a sharp spot price shift, while XRP remains in a broader downtrend with weak momentum and repeated support tests.

XRP remains locked in a downward price channel, trading below key moving averages even as roughly one million XRP shifted across the network in the last 24 hours. On-chain activity and active address counts have risen, hinting at accumulation despite the asset's struggle to reclaim resistance near the mid-$2 area. Technical signals such as a neutral-leaning RSI and repeated holds at local lows suggest selling pressure may be easing while the market waits for a decisive breakout.

On December 25, 2025, Charles Hoskinson said Bitcoin and Cardano would not be affected by address-poisoning scams under a UTXO model. His remark followed an incident in which a single user lost almost $50 million in USDT after copying a lookalike address from transaction history on an account-based blockchain.

As the crypto market heads into the holiday period with muted activity, Ethereum, Bitcoin and XRP are each showing distinct technical patterns that may precede a shift in trend. Ethereum is holding a rising structure after a sharp correction, Bitcoin is repeatedly defending the same demand zone with fading sell volume, and XRP is stabilizing after roughly 160 days of downside. These setups suggest selling pressure is easing, even though clear bullish breakouts have not yet been confirmed.

According to recent market commentary, XRP Ledger payment volume has climbed by almost 800% over the last month, even as XRP's price continues to trade in a clear downtrend below its 200-day moving average. The network shows sharp spikes in account-to-account transfers, suggesting rising on-chain throughput while price action remains compressed and technically corrective. This divergence leaves XRP in a mixed setup where elevated ledger activity may be laying groundwork for future volatility without yet confirming a bullish reversal.