XRPL hits 3 million daily transactions as DeFi slowdown tests XRP after 25% yearly drop

This week, XRP Ledger reached 3 million daily transactions while XRP has already fallen 25% this year. Analysts highlight oversold technicals and supply-squeeze potential, but weakening DeFi and a shrinking stablecoin base on XRPL are raising doubts about the sustainability of Ripple's bullish narrative.