XRP price has not seen a significant increase despite a spike in transactions on the XRP Ledger, reaching 1.6 million in 24 hours.
Market commentator Ripple Van Wickle discussed the discrepancy between rising network activity and stagnant price, attributing it to potential developments in adoption behind the scenes.
Wickle highlighted the need for a spike in trade volume on exchanges to accompany the increased network activity, emphasizing that without significant trading volume, XRP's price may remain stagnant.
He pointed out that XRP's price faces resistance levels at $2.22 and $2.23, and breaking above these levels is crucial for any potential rally to gain momentum.