The network growth for XRP has recently increased by 50%, suggesting rising activity and user adoption. However, concerns have been raised about the sustainability of this growth after a 30% decline following the spike. Network growth is often seen as a good predictor of future price movement, but in the case of XRP, the volatility indicates a brief spike rather than a sustained trend. The lack of a sustained price rally after the network growth spike suggests it was an isolated occurrence rather than a long-term bullish momentum. The network needs continued expansion and greater utility for a more substantial and lasting price impact. Key support levels for XRP are at $0.50 and $0.55, but regaining upward momentum may be difficult without steady network growth or fresh bullish catalysts.
- Content Editor ( u.today )
- 2024-10-21
XRP Surges 50% But Then Loses 30% in This Metric: What's Happening?