On September 29, the payment volume in XRP Ledger reached 929 million XRP, which is 35.1% above the 30-day average of approximately 615 million XRP. This was one of the best results in recent weeks, although the price of XRP continued to decline. From peak values, the payment volume fell to 708.6 million XRP, which is 23.8% less, yet still exceeds the updated 30-day average of 624.2 million XRP. The record volume of 7 billion XRP remains unattainable, and fluctuations above 1.5 billion have been observed only a few times over the year, the last time being in early September. Thus, a day with 929 million is significant but not outstanding.
Price dynamics do not reflect the strength of network activity. XRP is trading at 1.48 USD, down from a high of 1.66 USD reached at the end of September. Recent candles show a sequence of lower highs on declining volume. Nevertheless, the structure remains constructive as the price holds above the 200-day moving average at 1.37 USD, which now intersects with the 50-day. A previous breakout of the descending trend line has not been invalidated. The RSI indicator has stabilized around the midline, which may indicate a recovery in momentum.
Investors are waiting for confirmation that the increase in payment volumes truly indicates the real utility of the asset, especially for cross-border transactions where XRP acts as a bridge asset. Traders are likely expecting the volume spike to lead to sustained demand rather than a short-term surge. Others are watching to see if the area around 1.45 USD, where the short-term moving average is located, becomes support. Key levels remain clear. If the 1.45 USD - 1.37 USD level is defended, it maintains the possibility of retesting levels from 1.55 USD to 1.66 USD. A close below 1.37 USD shifts focus to the 1.31 USD zone and weakens bullish expectations. For now, XRP Ledger demonstrates healthy usage while the price remains in consolidation. The convergence of these two factors depends on the ability of payment volumes to stay above the monthly average in the coming days.
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