XRP ledger nears all-time high while XRP price remains almost unchanged

According to a report by Bijie Network: Despite a surge in transaction activity on the XRP ledger, approaching historical highs, the price of XRP has struggled to hold above $1.40, resulting in a clear divergence. Technical indicators show weak momentum, with the current trading price below key moving averages and support levels. The increase in network activity appears to be related to selling pressure rather than accumulation, indicating a lack of bullish confidence in the market. If XRP fails to return to the $1.60-$1.70 range, any rebound in the current downtrend may be short-lived.