In the past month, the payment volume on the XRP Ledger has surged by nearly 800%, indicating that despite the XRP price remaining in a significant downtrend below key moving averages, the network throughput remains substantial. Historically, such a surge in Ledger activity often foreshadows increased price volatility, suggesting that a potential upward trend is brewing, although a technical reversal of the price breaking through the $2.30-$2.50 range has not yet been confirmed.