Despite a surge in transaction activity on the XRP ledger, approaching a record high, XRP's price has struggled to stay above $1.40, forming 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 cannot return to the $1.60-$1.70 range, any rebound in the current downtrend may be short-lived.