🧡 1,000,000 XRP Moved in 24 Hours Is This the Turning Point or Just Noise?🌲📊
💐XRP is still trading inside a clear descending channel, with lower highs, lower lows, and price sitting below key moving averages 📉. From a pure technical perspective, this is not what a confirmed trend reversal looks like yet. Any upside move remains vulnerable until price can reclaim major resistance with strong volume.
🔍 But on-chain data tells a different story
In the last 24 hours, ~1 million XRP moved across the network 🚀. Active addresses and payment volume on the XRP Ledger have jumped compared to recent weeks, showing that real capital and users are still active. This is important because strong on-chain activity often leads price, not the other way around.
📊 What this could mean for traders & investors
Historically, rising network usage during weak price action can signal accumulation or base-building. RSI is hovering near neutral-oversold levels, selling pressure is cooling, and repeated tests of local lows haven’t caused fresh breakdowns yet. That reduces downside risk while upside potential quietly builds.
⚠️ Key level to watch
XRP remains capped below the mid-$2 zone. A breakout from the descending channel + reclaiming at least one major moving average with volume would be the first high-probability bullish confirmation. Until then, patience beats chasing.
💡 Smart takeaway
Price is weak, but the network is alive. This is often where early positioning happens before larger moves. Manage risk, watch structure, and let the market confirm.
