XRP continues to face pressure at $2.87, encountering a crucial resistance at $2.91. Despite bullish technical signals, real-world utility for cross-border payments is plummeting. This sharp decline raises doubts about XRP's relevance as a payment asset or mere speculative token.
Despite XRP price stagnating around $2.87 with a critical resistance zone at $2.91, technical analysis suggests a potential return to a zone between $3.00 and $3.08. However, behind these promising figures lies a much more concerning trend: The collapse of XRP usage for its primary use cases, namely cross-border payments.
According to Ledger data, the number of daily transactions on the network has collapsed by more than 70% in just one month. Dropping from over 750,000 in early August to just over 221,000 on September 8, 2025. This weakness in real activity seriously compromises XRP’s legitimacy as a value transfer tool and questions its role in the crypto ecosystem beyond mere speculation.
The decline in XRP usage can be explained by several factors. First, a decrease in demand for international money transfers, particularly in historical hubs such as Southeast Asia and Latin America. Second, reduced appetite from financial institutions partnering with Ripple, whether banks or PSPs (Payment Service Providers). Meanwhile, many players are migrating to more customizable blockchain technologies, such as Stellar (XLM) or certain Layer 2 solutions on Ethereum. Finally, the lack of incentives to use XRP in new decentralized finance (DeFi) protocols further accentuates this trend.
Based on current data, he appears to be going through an identity crisis. If the cryptocurrency fails to regain real utility through its initial use cases, it risks losing further relevance among major altcoins. Without solid utility metrics, it could only survive as a purely speculative currency, generating very little in-chain added value.
With a current stable price around $2.94 USD, XRP could become your perfect entry point to the next crypto rally. Here’s how to easily buy the token on Pionex exchange:
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