XRP Ledger's daily trading volume hovers around 2.47 million transactions, failing to break through the key 3 million mark, indicating that network activity has not significantly increased. The asset remains in a structural downtrend, with trading prices below key moving averages, with the 26-day moving average acting as resistance. Although the support line has slightly moved up, indicating that buyers are attempting to build a bottom, the rebound volume is insufficient, suggesting that prices are stabilizing rather than experiencing a decisive upward reversal.
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XRP Ledger's daily trading volume hovers around 2.47 million transactions, failing to break through the key 3 million mark, indicating that network activity has not significantly increased. The asset remains in a structural downtrend, with trading prices below key moving averages, with the 26-day moving average acting as resistance. Although the support line has slightly moved up, indicating that buyers are attempting to build a bottom, the rebound volume is insufficient, suggesting that prices are stabilizing rather than experiencing a decisive upward reversal.