The post Only 473 Million XRP in 24 Hours: This Is Not Good appeared on BitcoinEthereumNews.com.

XRP’s price action and on-chain activity are sending conflicting signals, and none of them are particularly bullish. Over the last 24 hours, only 473 million XRP were moved between accounts, according to payment volume metrics, a notable drop from the recent high of 640 million just days ago. This decline in transactional volume could indicate waning momentum and growing market hesitation around Ripple’s native asset. From a technical perspective, XRP is currently flirting with the 26 EMA, a key support level that often acts as the final threshold before momentum reversals become more serious. A decisive close below this EMA would likely trigger further downside toward the 50 EMA and possibly even the 100 EMA, currently around the $2.20 and $2.05 levels, respectively. XRP/USDT Chart by TradingView Volume on the price chart is also tapering off, which means that the recent moves upward are not supported by a strong market base. This makes the asset particularly vulnerable to sharp corrections or a prolonged sideways drift. The daily RSI has dropped from overbought territory and now hovers near the midline, showing indecision among traders. You Might Also Like While XRP had broken out of a descending wedge earlier in May, that breakout now appears to be weakening. The recent failed attempts to reclaim the $2.70-$2.80 range further confirm that bulls are running out of steam. From an on-chain perspective, the decline in daily payment volume — especially below the 500 million threshold — is a red flag. It signals reduced utility activity or large-holder apathy, both of which typically precede a downturn in price performance. In summary, the technical and fundamental signals are aligning on the bearish side. Unless XRP sees a strong resurgence in volume or a bounce off of current EMA levels, the outlook for the asset looks weak…

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Filed under: News - @ May 23, 2025 4:28 am