The sharp increase in activity on the blockchain has caused a new Ripple Price Forecast Data shows that more than 1.05 million payments were made with unique wallet addresses last Saturday evening, representing an increase of 200,000 transactions from Wednesday and a 15% jump overnight, indicating a remarkable increase in usage of the Ripple (XRP Ledger) blockchain.
This rise could be due to increased automation of transactions, whale movements (major investors), or signs of early institutional interest following the launch of Ripple-linked exchange-traded funds (ETFs) in the US market.
Despite the increase in usage of the transaction network, the price of the Ripple currency fell by 6.7% in the last 24 hours, falling to $2.04 after last week managing to regain higher levels for a short period. Trading volumes also nearly doubled to around $4 billion, indicating that the currency is under intense selling pressure. It remains to be seen whether this increase in payment transactions represents the start of a remarkable development or a warning. With a sharp decline.
Ripple Price Forecast: Will the $1.90 level hold or pave the way for a deeper decline?
Ripple price found temporary support at $1.90 in late November following the release of strong US jobs data and dovish comments from the New York Federal Reserve, which helped boost risk appetite. Although this level provided a temporary rebound, it was not followed by a strong buying wave that pushed the price with enough momentum to complete a true recovery wave.
Today, despite the growing use of the Ripple blockchain (XRP Ledger), it seems… Ripple Price Forecast (Ripple) Not promising, as current indicators indicate that the price is about to retest the $1.90 level; Which, if broken, could lead to the start of a sharper correction wave towards the $1.65 level, meaning a potential 19% decline from current levels. However, if the support level manages to hold, we could see the return of the bulls (bulls) and attempt to push the price to new highs in 2026.
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