XRP DEX Volume Soars, But Price Struggles to Hold

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The price of XRP has dropped to $2.21 despite record usage of XRPL's native DEX, revealing a worrying market divergence.

The XRP Ledger’s native decentralized exchange (DEX) just hit an all-time high of 954,000 daily transactions on November 4, according to on-chain data.

While this activity marked one of the busiest days in recent months for the network, the market performance of its associated XRP token presents a different picture.

Record XRP DEX Activity Fails to Lift Price
At first glance, the increase in the number of transactions appeared to signal stronger network health and adoption within the XRP ecosystem. However, a closer look showed a worrying disconnect.

According to analyst CryptoOnchain, unlike another surge in usage in July, which coincided with a major price jump, the latest record came as XRP’s price fell from the $3 range in early October to around $2.21 at the time of this writing. This divergence between transaction growth and market value suggests the high volume may not come from genuine buying interest.


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