- Transaction activity in the registry over the weekend XRP is noticeably reduced.
- This is due to the suspension of payments by institutional investors, which the company’s network is targeted at. Ripple.
- The token price hardly reacts to such events.
As the weekend approaches, the number of payments in the registry XRP has decreased significantly, and compared to previous highs, the number of transactions has fallen by almost 80%.
Unlike ecosystems that target retail users, for example, Ethereum or Solana, network activity on the network XRP falls on institutional flows, payment corridors, and liquidity providers. This is why activity is significantly lower on weekends or during traditional downturns. slows down.
Tradingview data
What’s happening with the token price at this point? It’s currently remaining fairly stable, consolidating in the $1,40 range. The chart depicts a compressed formation with decreasing volatility, which often precedes a later, more significant directional move. Consequently, there’s no complete correlation between price momentum and network activity.
If the overall momentum for the cryptocurrency market does not force XRP Should a stronger breakout attempt be made, investors should expect continued consolidation. The market remains held near recent local lows and resistance near the 100-day moving average.
The lack of strong price volatility in the token, as well as its gradual decline, confirm the overall decline in institutional activity in the cryptocurrency market, even with Bitcoin. Incidentally, its rise and retention above $80,000 helped XRP rise above the resistance at $1,4.
With the emergence of an increasing number of stablecoins that are convenient for use in settlements between organizations, positions XRP are becoming more vulnerable. It’s clear that competition in the institutional payments sector will only increase, new products will emerge, and the market will be reshaped in favor of new players with more innovative solutions.
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