If you ever wanted to see a digital ledger have an existential crisis, look no further than the XRP Ledger, which just watched 90% of its on-chain activity vanish like my motivation at a family reunion. The network’s usage has dropped so dramatically that even XRP itself is nervously glancing at its own price chart, wondering if it should start looking for a side hustle. Despite all this, XRP is still clinging to the $2.30–$2.40 range, like a cat refusing to leave your lap even though you’re clearly allergic. Speculators are having a field day, but actual usage? Let’s just say it’s gone the way of my New Year’s resolutions.
Back in early May, XRP was feeling optimistic, breaking out of a descending wedge pattern—think of it as finally getting out of bed before noon. But now it’s stuck in a tightening consolidation, which sounds technical but really just means it’s pacing nervously in the hallway. At $2.30, it’s testing a support zone that doubles as the 100-day EMA (that’s Exponential Moving Average, not “Extra Moody Attitude”). The 200 EMA is lurking around $2.20, ready to catch XRP if it slips—like a friend who says “I told you so” but still brings you soup when you’re sick. If XRP falls below that, $2.05 is next up, and suddenly all those bullish dreams from the last two months are looking about as sturdy as my IKEA bookshelf.
The Relative Strength Index (RSI) is hanging out in the mid-50s—not quite oversold, but definitely not the life of the party. Volume has dropped off too, which is never a good sign unless you’re talking about your neighbor’s late-night karaoke sessions. So what’s behind this dramatic drop in XRPL activity? Analysts are blaming everything from a pause in speculative trading (translation: everyone’s bored), to institutional users ghosting the network thanks to regulatory drama, to Bitcoin hogging all the attention like that one cousin who brings their guitar to every gathering.
Payment volume charts look like someone forgot to water them—sharp drops everywhere. Maybe retail demand is napping, or maybe enterprises are just too busy doomscrolling regulatory news. Either way, these are not great signs for XRP’s whole “payments token” narrative. If you’re invested, keep your eyes glued to those $2.20 and $2.30 support zones—think of them as the last two Jenga blocks holding up your crypto dreams.
If XRP manages to bounce here, we might see it retest $2.50 and pretend none of this ever happened. But if it breaks down, well… let’s just say things could get uglier than my attempt at sourdough during lockdown. With 90% of its usage volume gone, XRP needs to prove it can do more than just sit there looking pretty—or else its price might start following its on-chain activity straight down the rabbit hole. 🐇📉
Would you like me to break down or explain any part of this for you?
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2025-05-25 13:10