{"id":56954,"date":"2025-11-05T21:46:41","date_gmt":"2025-11-05T21:46:41","guid":{"rendered":"https:\/\/dogewisperer.com\/?p=56954"},"modified":"2025-11-05T21:46:41","modified_gmt":"2025-11-05T21:46:41","slug":"xrp-dex-hits-954k-transactions-as-price-faces-selling-pressure","status":"publish","type":"post","link":"https:\/\/dogewisperer.com\/?p=56954","title":{"rendered":"XRP DEX Hits 954K Transactions as Price Faces Selling Pressure"},"content":{"rendered":"
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The XRP Ledger\u2019s native decentralized exchange (DEX) just hit an all-time high of 954,000 daily transactions on November 4, according to on-chain data.<\/p>\n

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.<\/p>\n

Record XRP DEX Activity Fails to Lift Price<\/h2>\n

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> a worrying disconnect.<\/p>\n

According to analyst CryptoOnchain, unlike another surge in usage in July, which coincided with a major price jump, the latest record came as XRP\u2019s 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.<\/p>\n

Instead, the market watcher pointed to potential \u201clarge-scale selling, whale distribution, or automated arbitrage trading\u201d as the real drivers of the activity. In other words, traders may be using the DEX to rebalance or exit positions rather than accumulate tokens.<\/p>\n

\u201cElevated network activity is not always bullish,\u201d cautioned CryptoOnchain, adding that investors should treat the mismatch between usage and price as a possible red flag.<\/p>\n

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\u201cUntil price action aligns with on-chain growth, this metric should be viewed as a potential warning sign rather than a buy signal,\u201d he wrote.<\/p>\n<\/blockquote>\n

Whales Reduce Exposure as Broader Market Wobbles<\/h2>\n

Data from CoinGecko has confirmed XRP\u2019s downward trajectory. The asset has fallen 15.9% over the past week and 26% in the last month and was trading nearly 39% below its July all-time high of $3.65 at press time.<\/p>\n

Whale behavior also intensified the current market turbulence. As CryptoPotato previously reported, large XRP holders sold<\/a> roughly 900,000 tokens in just five days, contributing to the week\u2019s double-digit slide. On-chain data also indicates that while whale-to-exchange transfers have slowed since late October, recent selling may still be weighing on sentiment.<\/p>\n

But XRP is not alone. The broader crypto market suffered<\/a> heavy losses as well, with Bitcoin (BTC) dropping below $99,000 for the first time in five months and Ethereum (ETH) slipping under $3,200. In total, over $1.75 billion in leveraged positions were liquidated within 24 hours, with $38.6 million tied to XRP.<\/p>\n

Despite the general gloom, analyst Egrag Crypto argued<\/a> on X that XRP\u2019s \u201cstronger resilience\u201d compared to Bitcoin and Ethereum could mark the end of the selloff. He pointed to a potential \u201caccumulation zone\u201d around $1.94, suggesting the current weakness might be the last shakeout before recovery. However, market confidence is still an issue, and the decline is being reflected in CoinMarketCap\u2019s Fear & Greed Index, which recently dropped<\/a> to 20, its lowest level in months.<\/p>\n

The post XRP DEX Hits 954K Transactions as Price Faces Selling Pressure<\/a> appeared first on CryptoPotato<\/a>.<\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"

The XRP Ledger\u2019s 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 […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"iawp_total_views":0,"footnotes":""},"categories":[2],"tags":[3,4,5],"class_list":["post-56954","post","type-post","status-publish","format-standard","hentry","category-news","tag-crypto","tag-doge","tag-news"],"_links":{"self":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/56954","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=56954"}],"version-history":[{"count":0,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/56954\/revisions"}],"wp:attachment":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=56954"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=56954"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=56954"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}