2,500,000,000 XRP Milestone Lost: Rally Potential Nullified

One of XRP’s most important short-term catalysts, the enormous 2.5 billion XRP transactional volume spike that momentarily stoked hopes of a breakout, has just vanished, according to data from XRPScan. On Nov. 14, the network experienced a surge that has since entirely subsided. Along with it, a lot of the bullish momentum that traders were holding onto has vanished.

No continuation

A significant return to ordinary on-chain performance is evident in on-chain data. After surpassing 2.56 billion XRP in a single day, the payment volume has returned to baseline levels. Whatever caused the surge — whether it was institutional repositioning, whale settlement or planned liquidity movement — failed to translate into wider demand or consistent usage, as evidenced by the subsequent decline and lack of sustained network activity. 

A similar picture is revealed by the quantity of payments made throughout the network. Over a three-month period, activity has remained comparatively stable, averaging between 900,000 and 1.2 million payments daily, but it has not significantly increased in tandem with the volume spike. A warning sign is the discrepancy between usage frequency and flow size: large XRP moved⁠⁠⁠⁠⁠⁠⁠, but the network did not get any busier. 

XRP’s market picture remains grim

To put it another way, the spike was transactional rather than adoption-driven. In the meantime, there is not much cause for optimism on the price chart. The 50-day and 200-day moving averages are repeatedly lost by XRP, which is still bleeding within a clearly defined descending channel. Reduced volume, the classic sign of a stalled market, greets every attempt at recovery. 

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Even today’s slight increase in value around $2.17 appears brittle rather than beneficial. It is risky to combine declining network volume with ongoing technical vulnerability. The 2.5 billion spike had to be a turning point for the bulls, indicating that demand was coming back. Rather, it now appears to be an anomaly supported by price behavior. The rally potential is essentially eliminated unless XRP breaks out of this channel with actual volume. 

Fundamentally consistent payment activity indicates that the network is still operational. However, stability does not generate upside on its own. Even significant on-chain signals are unable to influence the market due to XRP’s current trend. That is the actual issue. Metrics are meaningless until the price responds.