The XRP Ledger is showing sharply increased activity despite the market downturn. Payment volume reached approximately 1.1 billion XRP, up 139.9%, while active accounts rose 154.5% to 42,300. This growth has not yet supported XRP’s price, which rebounded to $0.96 after falling to $0.89. The RSI near 20 indicates extremely oversold conditions, but moving averages remain diverged and the market retains a bearish orientation. Some of the activity may be automated or reflect transfers to exchanges for liquidation, adding to selling pressure.
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