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Pundit Explains Why XRP Price Still Lags Despite Spike in XRPL Transactions to 1.6M

  • 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.

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