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XRP Faces 97% Drop in Payment Volume and Challenges Ahead

Dramatic decline in volume: XRP’s payment volume fell from 3.7 billion XRP on December 2 to much lower levels. This drastic decline suggests potential shifts in market sentiment and challenges for maintaining its previous bullish trend.

Critical price levels: XRP is currently trading above the 26 Exponential Moving Average, providing crucial support. However, it must break the descending channel to target 2.60 USD. Failure to do so may see prices revisit 2.00 USD or drop further to 1.37 USD.

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