XRP dropped to $3.44 today but strong fundamentals and record transaction volumes suggest the bullish momentum isn't finished yet.
XRP's having a bit of a rough day, sitting at $3.44 after dropping about 3%. But here's the thing - calling this the end of the rally might be jumping the gun. Sure, the charts don't look pretty right now, but there's way more going on beneath the surface that tells a different story.
XRP Price Correction Looks Healthy After 70% July Surge
Let's be real here - XRP just had an absolutely insane run in July, pumping over 70%. A pullback was bound to happen, and honestly, it's probably healthy. The RSI is sitting pretty high at 78, which usually screams "overbought," but during strong bull runs, these levels can stick around way longer than most people expect.
The key thing is XRP's still holding well above major support levels. This isn't some dramatic crash - it's more like the market taking a breather after going parabolic. These kinds of corrections are actually what you want to see in a sustainable uptrend.
XRP Network Goes Crazy With 1.35 Million Transactions
Here's where things get interesting. While the price is taking a hit, the XRP Ledger just processed over 1.35 million payments on July 21st. That's absolutely massive and shows people are actually using this thing, not just trading it.
When you see network activity exploding while prices dip, that's usually not what happens at market tops. It's more like the opposite - real demand is building even as short-term traders are taking profits. This kind of disconnect between price and usage often sets up for another leg higher once the selling pressure eases up.
What's Next for XRP Price?
Look, nobody can time the market perfectly, but the fundamentals here are still solid. XRP's network is busier than ever, the technical structure isn't broken, and we're only seeing a modest pullback after massive gains.
This feels more like a pit stop than the end of the road. Once the profit-taking runs its course and the market digests these gains, XRP could easily make another move higher. The on-chain activity alone suggests there's real momentum behind this rally that goes beyond just speculation.