XRP is experiencing a sharp decline in on-chain metrics, causing concerns among investors and analysts. The network's activity is slowing down, with fewer payments and declining transaction volume. There is also a decrease in active accounts and a decline in the quantity of XRP burned as fees, suggesting decreased network usage. The price of XRP is struggling to maintain an upward trajectory and recently broke below a key support level. If it fails to hold the next support level, further downside is possible. The dwindling on-chain activity raises questions about the long-term sustainability of XRP's adoption, but a reversal is still possible if market sentiment improves.
Content Editor ( u.today )
- 2025-02-24
7 out of 8 XRP Metrics Are Plummeting: What's Happening?
