XRP Ledger Smashes Historical Record Amid Price Slump to ‘Number of the Beast’ Levels

The XRP Ledger (XRPL) has reached an unprecedented milestone, recording its highest-ever level of network activity despite a broader market downturn. According to recent on-chain data, the network processed nearly 1.9 million transactions per day between accounts, setting a new historical record. This surge in utility highlights a growing demand for the XRPL infrastructure, driven largely by automated payment flows and significant institutional involvement. Analysts note that while the broader cryptocurrency market faces extreme volatility, the fundamental usage of the XRP Ledger remains robust, suggesting that the network’s value proposition for cross-border payments and liquidity remains intact.

However, this fundamental strength stands in stark contrast to XRP’s recent price action. While the ledger celebrates a usage record, the asset's market value has suffered a severe breakdown. XRP has breached several key support levels, continuing a multi-month decline that has frustrated long-term holders. In a startling technical coincidence, traders observed XRP’s price fluctuating around the $1.66 area—a figure often associated with the "Number of the Beast." This psychological and technical breakdown occurred as the asset slipped beneath its long-standing descending channel, intensifying selling pressure across major exchanges.

Market indicators suggest that the current bearish momentum is driven by a massive flush of leverage and a general de-risking sentiment across the crypto landscape. Despite the high transaction volume on the ledger, the price has failed to sustain any meaningful recovery. To reverse the current trend, bulls must aggressively reclaim the $1.90 to $2.00 price range. Failure to do so could risk a further slide toward the $1.50 support zone or even lower. While the "Number of the Beast" price point is largely seen as a symbolic or coincidental mark, it underscores the intensity of the recent sell-off. For now, the XRP community remains divided: some view the record-breaking network activity as a precursor to a massive rebound, while others fear that the technical breakdown signals a prolonged winter for the digital asset.

Posted Using INLEO