XRP Metric Plunges: Is This a Bear Trap or a Signal of Strength?

Recent data from U.Today reveals that XRP is facing a pivotal moment as key on-chain metrics signal potential changes in market trends. One striking indicator is the drastic 90% drop in XRP’s payment volume, which has plummeted from over 1 billion XRP to just about 114 million XRP between June 7 and June 8. This sudden decline warrants attention and sparks debate about the future trajectory of the asset. The price chart of XRP is currently showing signs of resilience, with a slight rebound reaching $2.20, up almost 3.25% for the day. However, this rise hasn’t escaped scrutiny as the asset remains trapped between crucial resistance levels of $2.26 and $2.55.