As per U.Today, XRP's recent price performance has shown a failed recovery attempt, with the asset stalling below key resistance levels and experiencing a sharp decline in on-chain activity. The volume of XRP payments dropped over 90% in a single day, from nearly 11.8 billion XRP on Sept. 23 to just 186 million XRP on Sept. 24. Transaction counts also fell drastically, from over 10.9 million daily transactions to 500,000 by Sept. 24, signaling reduced network demand and engagement. The price remains just above its 200-day EMA at $2.87, but repeated rejections at the $3.00 level indicate a lack of buyer confidence. Without a significant increase in volume, XRP may face further declines or prolonged consolidation.
XRP Price Fails Recovery as On-Chain Activity Plummets
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