XRP Ledger Recovers From Its Lows: 153% Surge, Will It Affect Price?

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Payment volume on the XRP Ledger surged 153.9% to reach 363.3 million XRP according to XRPScan data, marking a recovery after a quiet period. XRP is currently trading around $1.36 after hitting a low of $1.31, with buyers stepping in at the orange moving average around $1.34. This volume still falls short of the 30-day average of 680.4 million XRP and remains far from the all-time high of 7 billion. The price dropped from nearly $1.65 in late September to around $1.30, with the RSI at 40 indicating weak momentum but not an intense sell-off. The next test for bulls lies in the $1.38 to $1.40 zone, a level that needs to be broken for a genuine trend reversal.

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Telemac
Telemachttp://cryptoinfo.ch
Passionné de nouvelles technologies, j’explore l’univers de la blockchain et des cryptomonnaies pour partager l’actualité et les innovations du secteur.

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