XRP Ledger's payment volume has decreased by 70% after experiencing a 400% surge (handling over 1.5 billion XRP), indicating that the previous peak likely caused by large institutional transfers has normalized. Currently, the price is consolidating around $1.40, and momentum indicators show that selling pressure has eased. A breakout above the resistance zone of $1.45 to $1.50 could signal a broader recovery.
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XRP Ledger's payment volume has decreased by 70% after experiencing a 400% surge (handling over 1.5 billion XRP), indicating that the previous peak likely caused by large institutional transfers has normalized. Currently, the price is consolidating around $1.40, and momentum indicators show that selling pressure has eased. A breakout above the resistance zone of $1.45 to $1.50 could signal a broader recovery.