CandleFocus

From 3 Billion XRP to 300 Million: Is XRP Losing Steam?

The price of XRP has been stagnant and under pressure despite a previous breakout. On-chain metrics suggest a drop in activity and concerns about the coin losing traction. XRP's price surged before reversing and currently sits around $2.13 with support at that level. Failure to remain above this level could cause the price to drop further. On-chain metrics also show a significant decrease in XRP payment volume, active accounts, and XRP burned as fees, indicating a decline in network activity and investor interest. Usage metrics need to improve for XRP's bullish case to remain intact. XRP is at a turning point and needs technical prowess and increased on-chain activity to regain momentum and move higher.

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