XRP Ledger payment volume surged by 26% to approximately 462.9 million XRP, representing over $620 million at the current price of around $1.34. This increase in payment activity coincides with a 22.4% drop in active users, falling to 151,500, raising questions about the nature of this heightened activity. XRP is currently trading around $1.34, after peaking near $1.70 during the August breakout, failing to sustain moves above the $1.40 to $1.45 zone. The daily RSI stands at around 51, indicating neutral territory, suggesting that the rise in payment volume does not necessarily reflect increased buying pressure. The market remains in a post-rally correction phase, with network value transfer growing faster than user activity.
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