#xrp Drops 300 Million Tokens in 24 Hours – What Happened?
CryptoPotato
Updated at: 5 hours ago
{"content":"#xrp Drops 300 Million Tokens in 24 Hours – What Happened?
XRP is feeling the heat. In just 24 hours, the amount of XRP used in real transactions dropped by nearly 300 million tokens. Just a few days ago, XRP was processing over 700 million tokens daily. But on May 22, that number fell to 412 million. So, what’s going on?
Technical Growth vs Real Use
XRP has shown strong signs in the charts. It broke out of a long downtrend and went above important price averages like the 50-day and 100-day EMAs. It even climbed above the 200 EMA, which is often a sign of a trend reversal.
But there’s a problem — the real-world usage is dropping.
Price Going Up… But Not the Use
Even though the price looks strong, the number of transactions (which shows how much people are actually using XRP) is going down. This may mean less demand from big investors or fewer users overall. Earlier this month, both price and usage were rising together — now, they’re moving apart.
Key Level to Watch: $2.30–$2.35
For XRP to stay strong, it needs to hold above the $2.30–$2.35 range. This zone is close to its 100 EMA and where the breakout happened. If it bounces from here, it could go up to $2.60 or more. But if it drops below, it might fall to around $2.15–$2.20.
Why XRP Matters for the Market
XRP is one of the most used payment tokens. So, changes in its usage often reflect how people feel about using crypto in real life — not just for trading. A drop in XRP activity can be a sign that the overall altcoin market might be slowing down.
Still Room to Grow?
The RSI (Relative Strength Index) shows that XRP isn’t overbought yet, meaning there could be more room for price to go up. But without more people using XRP for actual transactions, this rally might not last long.
Bottom Line:
XRP needs to see more real use on the blockchain to turn this recent price breakout into a strong, lasting rally. Keep an eye on network activity and volume — that’s where the real story lies.
#xrp #Ripple #CryptoMarket #Altcoin #CryptoNews ","images":["https://d2kdcqywr8ua22.cloudfront.net/uploadfile/article/blog/2025052025/05/24/2a2e250cc90b4cc5b7d4fe3ca1312410.jpg"],"tags":[],"tradingPairs":["XRP/USDT"],"quotearticleid":0}