XRP had a rough day in the markets today, with its price sliding about 7% to around $1.78. This drop pushed it below the important $1.94 support zone and the 200-day EMA—two technical levels many traders were watching closely. From a chart perspective, this suggests the bearish trend could continue unless something changes.
But here’s the twist: while the price is down, activity on the XRP Ledger is actually up—way up.
According to data from XRPScan, over 693 million XRP was moved across the network in just a single day on April 7. That’s a major spike in usage, showing that people are still actively using the network, even while the price falls.
This kind of disconnect—where price dips but usage grows—can sometimes be an early sign of a comeback. It shows that real adoption is happening behind the scenes, even if speculators are currently selling off.
Technical indicators like the RSI are sitting near oversold territory, which means the selling pressure could be nearing exhaustion. But there’s still risk. If XRP falls below the next key level at $1.65, it could trigger another leg down, possibly toward the $1.40 zone.
On the flip side, if the price can quickly bounce back and reclaim the $1.94 mark, it could open the door for a return to $2 and beyond.
In short: the market looks shaky, but the underlying fundamentals tell a more hopeful story. As adoption grows, the price could eventually follow. For now, XRP is caught in a tug-of-war between short-term fear and long-term value.
