The on-chain volume of XRP has significantly declined from 1 billion to 100 million, raising concerns about the asset's liquidity and market health. However, the price of XRP has remained stable around $3.10, showing resilience and indicating favorable investor sentiment. The next upward move could be determined by the resistance levels of $3.20 and $3.50. If XRP surpasses these levels, it may rally towards $4. On the downside, support is found at $2.86. The decline in on-chain payments reflects a slowdown in institutional or remittance-related transactions, possibly leading to a cooling off of XRP's ecosystem. Despite the volume decline, the steady price suggests continued speculative interest. The recovery of on-chain activity could further support bullish momentum, while a sustained decrease in transaction volume might indicate diminishing demand and increase price volatility.
Content Editor ( u.today )
- 2025-01-30
XRP Goes From 1.1 Billion to 100 Million: What Happened?
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