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the XRP The network's average number of transactions per ledger has increased significantly, which is encouraging for its ecosystem. This rise indicates that the network is becoming more active and used, which may indicate interest from institutional and retail players. On-chain activity appears to be improving, but so is price performance XRP It paints a more complex picture.
As a result of constant fluctuations XRP It is currently trading at around $1.80. The asset is still having difficulty maintaining its upward momentum even as network transactions rise. XRP is struggling to overcome the 26 EMA, which is a major resistance level that, if overcome, could unlock additional gains. However, the lack of immediate bullish conviction is indicated by the repeated failure to break this level.
A long-term downtrend may emerge from any breakdown below XRPThe $1.42 level is an important support area to the downside. A bullish break above $2.10 would be crucial, possibly reviving investor confidence and opening the door to a test of the $2.50 level. The long-term price recovery may be accelerated mainly by the increasing number of transactions on the XRP network.
Increased utility is often reflected in increased transaction volume, which may attract more participants into the ecosystem. However, the relationship between price and on-chain activity is not always instantaneous, and short-term fluctuations are strongly influenced by market sentiment. XRP investors and traders should keep a close eye on the 26 EMA resistance and $1.42 support at the moment.
The next significant move for an asset can be determined by a breakout in either direction. Although the increase in transactions is positive, there are still major hurdles facing the XRP price, so market players should be careful.
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