The post XRP Faces Uncertain Outlook as Payment Volume Drops and Price Tests Key Support Levels appeared on BitcoinEthereumNews.com.

XRP’s recent on-chain data reveals a critical juncture as payment volumes plummet sharply, signaling potential volatility ahead for this prominent cryptocurrency. Despite a modest price rebound, XRP faces significant resistance levels and weakening volume, raising questions about the sustainability of its recovery. According to COINOTAG analysis, the 200 EMA remains a pivotal support line, with XRP’s future trajectory hinging on its ability to maintain above this threshold amid declining network activity. XRP faces a crucial test as payment volumes drop 90%, challenging its price recovery amid key resistance and support levels in a volatile market. ‘, ‘ 🚀 Advanced Trading Tools Await You!Maximize your potential. Join now and start trading! ‘, ‘ 📈 Professional Trading PlatformLeverage advanced tools and a wide range of coins to boost your investments. Sign up now! ‘ ]; var adplace = document.getElementById(“ads-bitget”); if (adplace) { var sessperindex = parseInt(sessionStorage.getItem(“adsindexBitget”)); var adsindex = isNaN(sessperindex) ? Math.floor(Math.random() * adscodesBitget.length) : sessperindex; adplace.innerHTML = adscodesBitget[adsindex]; sessperindex = adsindex === adscodesBitget.length – 1 ? 0 : adsindex + 1; sessionStorage.setItem(“adsindexBitget”, sessperindex); } })(); Sharp Decline in XRP Payment Volume Signals Potential Market Shift Recent on-chain metrics highlight a dramatic 90% decrease in XRP’s payment volume, falling from over 1 billion XRP on June 7 to approximately 114 million on June 8. This steep contraction is a significant indicator of reduced transactional activity, often reflecting diminished institutional engagement or lower network utility. Such a sudden drop in payment volume is uncommon and typically precedes periods of price consolidation or correction within the crypto market. While XRP’s price has shown resilience by rebounding to $2.20, this recovery occurs against a backdrop of weakening fundamental support, suggesting that traders should exercise caution. Technical Indicators Show Mixed Signals Amidst Resistance Challenges From a technical standpoint, XRP’s price remains confined between critical resistance levels…

---

Filed under: News - @ June 8, 2025 10:20 am