280% increase in XRP payment volume could challenge bearish sentiment

XRP is exhibiting a divergence between its declining price and rising network activity. Despite bearish pressures, on-chain metrics show a remarkable 280% spike in transaction volume, suggesting strong user engagement.

For XRP to shift towards a bullish trend, it must surpass the 50-day EMA and break free from its current downward trajectory. The ongoing transactional demand may pressure bearish positions, challenging sellers in the market.