The XRP network has seen a recent decline in transactional activity, with the number of completed transactions decreasing by about 1 million. This follows a spike in activity earlier this year. The decrease in transaction volume could indicate a cooling phase in the market and may be due to a decline in demand for XRP's use in remittances and payments. XRP is currently trading close to $3.13 and is maintaining above important moving averages, but it still faces resistance at $3.30. Breaking above this level could indicate the uptrend will continue, while failure to do so may result in consolidation or a downward trend. Support levels at $2.80 and $2.50 should be monitored in case of a pullback. Despite the decline in network activity, XRP is not necessarily doomed and may use this momentum to test resistance levels if confidence in the market increases and transaction volumes rise. Investors should closely monitor $3.30 for indications of fresh activity.



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