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XRP ledger falls below 1 million, but this is an excellent investment opportunity.
XRP enters a new trading week, with signs of contraction in both market structure and on-chain activity, placing it in a relatively favorable position. The daily payment volume on the XRP ledger has fallen below the psychologically significant threshold of 1 million, with a substantial drop in payment volume indicating a decrease in trading intensity. While this may appear bearish, this decline suggests that prices are normalizing from a recent surge rather than crashing. The XRP price remains in a downtrend, having recently failed to hold the short-term support line, retreating to the key support area of $1.30-$1.35. If this area is breached, it may drop towards the $1.20 level. Due to lower participation and liquidity, volatility is suppressed, meaning even a small influx of funds could trigger a strong rally. The current weak market sentiment has reduced aggressive long positions and lowered the risk of cascading liquidations, but the downtrend will persist unless key resistance levels are reclaimed.