XRP Ledger Payments Plunge 70% in 24 Hours, XRP Faces Week-Long Downside Risk

Published: 2026-04-03 13:48:28 |

U.Today reports that XRP Ledger payment volume fell about 70% within 24 hours, signalling a sharp slowdown in transaction demand. This drop in XRP Ledger activity is framed as a negative utility/throughput indicator and weakens bullish expectations for XRP. On price action, XRP is still described as trading in a broader downtrend around $1.30. The article cites failed attempts to form a short-term ascending structure, with moving averages acting as dynamic resistance and sellers retaining control. Key resistance is identified near $1.38–$1.40, followed by a larger barrier around $1.60. Support is repeatedly tested in the $1.25–$1.30 zone. If that floor fails, the piece expects a deeper move into lower demand areas. Momentum signals are said to offer no clear reversal: volume does not suggest accumulation, and RSI remains weak without bullish divergence. Overall, the setup implies passive drifting lower and suggests traders should temper expectations for a near-term rebound unless XRP Ledger usage and on-chain activity recover.

Bearish

The article links two bearish signals: a sharp 70% one-day drop in XRP Ledger payments and a still-weak technical structure for XRP. In past crypto cycles, such a combination—declining on-chain activity alongside a downtrend with key resistance overhead—often precedes continued sell pressure or prolonged consolidation rather than a fast reversal. Short term (days): With XRP Ledger usage weakening and no momentum reversal (volume not showing accumulation, RSI weak), traders may expect drifting lower or failed bounces at $1.38–$1.40. If $1.25–$1.30 breaks, the next leg down becomes more likely. Long term (weeks to months): A sustained recovery in XRP Ledger payments and broader network throughput would be required to invalidate the bearish thesis. Without that rebound, the market could remain range-bound to down, with rallies likely capped by moving-average resistance (notably near $1.60 mentioned as a higher-timeframe barrier).