XRP coin just went up by 10% and briefly touched $1.47, but there's something strange behind this increase. Payment volume on the XRP Ledger actually dropped sharply by 70% in a day, so there's a big gap between the price movement and the actual network activity. I find this quite interesting because usually, a price increase is accompanied by more active transactions. The latest data shows XRP coin is now trading around $1.44 with a positive change of 1.41% in 24 hours, but on-chain indicators still appear weak. Total payments on the ledger decreased to just 230 million tokens from 769 million the day before, indicating traders might be just speculating on the price without strong network fundamentals. On the derivatives side, XRP open interest surged above $2.36 billion, and short position liquidations helped drive this rally. But what's interesting is that traders on Coinbase actually reduced their exposure by 3.62% during the same period. This suggests the market is still uncertain, especially with XRP payment activity remaining sluggish. Some traders remain cautious because they see a divergence between rising prices and declining network usage. So while this rally looks positive, the network fundamentals still need to recover first before we can say this is a sustainable trend.