XRP Ledger Revitalizes Amid 153% Surge, Will It Boost Price?

Overview

The XRP Ledger has seen a significant recovery, with a 153.9% surge in payment volume over the last 24 hours. According to XRPScan data, payment volume on the network jumped to 363.3 million XRP.

Context Matters

While the surge is a welcome signal for holders, it is essential to consider the context. The current volume is still below the 30-day average of 680.4 million, and the price has dropped from near $1.65 in late September to the low $1.30s.

Technical Analysis

The all-time high for payment volume is 7 billion XRP, which shows how far current activity is from the peak. The one-year chart shows that volume moves in sharp waves. A quiet day followed by a sharp jump is normal for this network.

Bullish Signal

What makes this move worth watching is the timing. The price has dropped from near $1.65 in late September to the low $1.30s, and the RSI is near 40, which indicates weak momentum but not an intense sell-off. Rising on-chain activity may be the first sign that interest is returning.

Price Targets

For bulls, the next test is the $1.38 to $1.40 area. XRP needs to close above it to reclaim the black and blue moving averages, which would open the way toward $1.45 and then $1.50.

Conclusion

One strong day is not a trend. Traders will need to see volume stay above the 30-day average before calling this a real bullish turn.