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XRP payment volume has dropped below 100 million in the past 24 hours, signaling reduced on-chain demand for the XRP Ledger. This decline challenges the payments-driven utility narrative and means price rallies may lack fundamental support unless transaction activity rebounds quickly.
Utility driving XRP?
On-chain payment volume fell to 114.07 million XRP in 24h, undercutting recent multi-week averages.
Technical resistance near $3.10 and 50-day EMA at $2.92; RSI ~55 suggests neutral momentum.
XRP payment volume drops below 100M — analysis of on-chain demand, network utility and price outlook. Read key takeaways and expert context on COINOTAG now.
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Since the XRP Ledger processed 114.07 million XRP in payments over the past 24 hours, XRP has slipped below the informal 100 million-payment-volume benchmark used to gauge consistent on-chain demand.
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What is causing the drop in XRP payment volume?
XRP payment volume fell markedly compared with recent weeks when daily totals frequently ranged from 200–300 million and sometimes neared 2 billion. Short-term reductions in cross-border transfers and lower institutional on-chain activity are the proximate causes of the recent decline.
How significant is the decline versus recent norms?
The current 24-hour total of 114.07 million XRP represents roughly a 50–80% decline from multi-week averages and a far larger gap versus peak days approaching 2 billion. Such a swing shows a meaningful pullback in transaction throughput, a primary metric for a payments-focused ledger.
XRP/USDT Chart by TradingView
How does on-chain demand affect XRP’s market outlook?
The XRP Ledger is positioned as a payments-first blockchain, so transaction volume is a core health metric. When on-chain payment volume declines, the network’s utility-based growth narrative weakens and price moves that are not matched by higher transaction activity risk being labeled as technically driven rather than fundamentally supported.
What are the current technical indicators?
XRP is trading around $2.97, beneath a descending trendline that capped post-summer gains. Immediate resistance sits just under $3.10 while the 50-day EMA is near $2.92. The RSI is roughly 55, indicating neutral momentum but not strong buying conviction.
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When should traders and analysts be concerned?
One-day dips in payment volume are signals, not verdicts. Concern grows if low on-chain demand persists across several days or weeks. Sustained declines paired with price weakness would constitute stronger evidence that the ledger’s payments narrative is losing traction.
Which data points should be monitored?
24h and 7-day payment volume totals (primary).
Exchange inflows/outflows and large wallet activity (context).
Technical levels: 50-day EMA, trendlines, RSI and support zones.
Frequently Asked Questions
Has XRP permanently lost payment utility?
Not necessarily. A single-day volume drop to 114.07M signals weakening demand but requires sustained low activity to confirm a permanent loss of payment utility.
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Will price fall because of lower on-chain volume?
Lower on-chain volume increases the risk that rallies lack fundamental support, which can make price more susceptible to reversals; it does not automatically cause a price decline.
How can investors monitor recovery?
Look for consistent increases in 24h and 7-day payments, rising large-value transfer counts, and price breaks above resistance coupled with higher transaction volumes.
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Key Takeaways
XRP payment volume decline: 24h payments are down to 114.07M, below typical multi-week averages.
Utility narrative tested: The payments-focused case for XRP is weakened when on-chain transfers fall sharply.
Trade cautiously: Price rallies without a matching uptick in payment volume may be unsustainable; monitor volume, EMA and RSI for confirmation.
Conclusion
Falling XRP payment volume to around 114.07 million in 24 hours is an important on-chain signal that challenges the payments-driven growth story for the XRP Ledger. Stakeholders should watch transaction volumes and technical confirmation before assuming any rally reflects renewed fundamental demand. For ongoing coverage and data-led updates, follow COINOTAG reporting.