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XRP Ledger payment volume spikes 300% but price remains stuck below $1.45 resistance.

Technical Signals
03 May 2026
UToday
Neutral
pluang ai news

XRP's ledger saw a sudden 300% increase in payment volume, reaching 1.245 billion XRP, indicating a surge in on-chain activity likely due to large transfers or liquidity shifts. However, this spike did not translate into a price increase, as XRP remains trapped in a downtrend between $1.30 support and $1.40-$1.45 resistance. The volume surge appears to be a redistribution event rather than a sign of growing demand, and the price is still under pressure with moving averages declining. Investors should watch for a breakout above $1.45 for bullish confirmation or a drop below $1.30 for further downside risk, with volatility expected to increase soon.

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