Usman Salis
XRP is looking pretty fired up right now, and honestly, it might actually have a shot at hitting that insane 800 million daily transaction volume again. The network's been going absolutely wild with activity lately, and it's not just hype – we're talking real money moving through the system.
XRP's Network Just Went Completely Mental Between May and June
Okay, so here's what's got everyone talking about XRP lately. Between May 9 and June 9, the on-chain transaction volume went absolutely through the roof – we're talking several times the normal activity, hitting close to half a billion dollars on multiple days. That's not just some random spike; that's serious business happening on the network.
And get this – XRP has actually hit over 800 million daily transactions before, which is just completely nuts when you think about it. That kind of volume shows this isn't just some meme coin people are trading for kicks. This is real utility stuff – banks, payment companies, people actually using XRP for what it was meant to do, which is moving money around the world fast and cheap.
Yeah, there was a pretty sharp drop-off after that initial surge, but here's the thing with XRP – it's what they call a "high-velocity asset," and when you see volume compression like this, it usually means something big is about to happen. It's like the network is taking a breather before the next big push.
XRP's Price Action Is Actually Looking Pretty Solid Right Now
From a technical standpoint, XRP's been doing some pretty encouraging stuff lately. It just broke through this descending resistance level that had been holding it back, and that's exactly the kind of move that can get the bulls really excited. Plus, it bounced off the 200 EMA like a champ, which basically means the buyers aren't ready to throw in the towel just yet.
Right now, XRP's hanging out above $2.20 and testing that resistance zone between $2.26 and $2.30. If it can punch through that level, things could get really interesting really fast. The RSI is climbing out of that boring neutral zone, and volume indicators are starting to point upward, which tells us more people are getting interested in buying.
What's really cool is that we're seeing both the technical stuff and the on-chain activity picking up at the same time. That's not just coincidence – when you get that kind of convergence, it usually means something significant is about to go down. And in XRP's case, it could mean we're heading back toward that crazy 800 million transaction milestone.
XRP Could Easily Hit $2.70 If This Momentum Keeps Going
Here's what's really got me excited about XRP right now – this isn't just looking like another pump where the price goes up for no reason. This looks like the real deal, with actual network usage backing up the price action. If those payment volumes keep climbing and XRP stays above that 200 EMA support, we could be looking at a run toward $2.70 and maybe even higher.
The key thing to watch is whether XRP can keep this double momentum going – both on the price side and the actual usage side. If businesses and financial institutions keep using the XRP network for moving money around while traders stay bullish, that 800 million transaction record isn't just gonna get matched – it might get completely demolished.
If XRP does manage to get back to those massive transaction volumes, it's gonna make everyone in crypto sit up and take notice. We're not talking about some speculative bubble here; we're talking about real, measurable demand and actual usage. That's the kind of foundation that can support serious long-term price growth instead of just another flash in the pan.
The bottom line? XRP's looking like it might be gearing up for something pretty special. With network activity going crazy, the charts looking bullish, and real-world adoption continuing to grow, this could be the start of XRP's next big run. If everything lines up right and both price and volume momentum keep building, hitting that 800 million daily transaction mark again isn't just possible – it's starting to look pretty damn likely.
Usman Salis
