XRP sees 250 million tokens moved to exchanges in 24 hours as signs of a recovery build

CoinDesk reports that activity on the XRP Ledger has picked up again, with transaction counts rising above 250 million and daily payment volume topping 407 million XRP. Network engagement remains elevated versus recent months, pointing to sustained usage even as price action stays range-bound. XRP has been consolidating tightly around $1.35–$1.40, while market participation has increased. Technical charts show overhead pressure near the 100-day and 200-day moving averages, with support continuing to hold around $1.30. During the latest market pullback, XRP has traded with relative stability. The RSI remains near neutral, suggesting the token has not slipped into extreme bearish positioning. Rising ledger activity can be read in two ways. On the constructive side, higher transaction volume and active users typically signal improved liquidity, stronger ecosystem engagement, and ongoing demand tied to institutional or cross-border payment use cases, reinforcing XRP's longer-term utility beyond purely speculative flows. At the same time, heavy wallet-to-wallet movement can precede short-term volatility. If a meaningful share of transfers ultimately moves onto exchanges, traders may interpret it as potential sell-side pressure, prompting closer monitoring of exchange inflows. XRP's technical setup adds another constraint: despite firm support, it continues to trade below key long-term moving averages, and recent breakout attempts have faded quickly, limiting upside momentum even with stronger on-chain metrics. Looking ahead, Bitcoin's stability and broader crypto sentiment are likely to shape the next move. If BTC avoids a deeper correction and risk appetite improves, XRP could make another push toward the $1.45–$1.50 zone, especially if payment volumes and ledger activity keep rising. If the wider market sells off again, XRP could struggle to hold its current range despite the network's strong underlying signals.