XRP Activity Shows Signs of Decline Amid Lower Payment Volumes and Market Slowdown
Main Idea
XRP's on-chain activity and payment volume are declining, signaling waning momentum and potential price stagnation or correction.
Key Points
1. XRP's daily payment volume has fallen below $1 billion, reflecting reduced institutional and user engagement.
2. The price of XRP has dropped from $3.70 to $3.16, confirming a cooling trend in its market performance.
3. Declining payment volume suggests XRP is no longer in the 'billion-dollar club,' a key threshold for sustained rallies.
4. Without renewed interest from high-volume traders or significant liquidity inflows, XRP risks further price stagnation or decline.
5. Experts highlight that a rebound in network activity and liquidity is needed to avoid a deeper retracement.
Description
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