XRP Stalls Below $1.50 Despite Surging Network Activity
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XRP adoption surging: daily transactions ~2.5M (vs <1M pre-2024), reinforcing its bridge-currency role in cross-border payments and on-chain adoption. On-chain metrics diverge: NVT ratio has declined since 2015 (transaction activity outpacing market value) while MVRV sits near ~2.0 at multi-year highs, historically a profit-taking signal. Market disconnect: price stalled below $1.50 despite network growth; Canary Capital report flags a disconnect between infrastructure activity and token price, implying short-term selling risk.
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- XRP daily transactions hit 2.5 million, up from an average of under 1 million before 2024.
- NVT ratio declining since 2015, suggesting transaction activity outpaces market value.
- MVRV ratio near 2.0 at multi-year highs historically preceding profit-taking pressure.
XRP has been unable to break above $1.50 despite processing nearly 2.5 million transactions per day, more than double the sub-1 million daily average seen before 2024.
A report from Canary Capital examining XRP’s fundamentals points to a growing disconnect between the token’s price performance and the underlying network metrics, raising questions about whether the market has fully priced in the infrastructure activity happening on-chain.
The Bridge Currency Model
The report stated that XRP’s primary function is as a bridge currency for cross-border payments. The traditional correspondent banking mod…
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