XRP moves from 1.1 billion to 100 million: What happened?

With payments drop from 1 billion to only 100 million, Xrp It witnessed a sharp decrease in the size of the chain. The liquidity of the assets and general health of the market is questioned through this sharp decline. But despite this decrease in size, the price of XRP remained largely fixed, as it revolves around the threshold of $ 3.10. XRP maintained its difficult momentum after a strong outbreak of this earlier year.

With a strong position above 50 EMA, the price is currently trading over the important averages of movement. Although the volume of transactions has decreased, the original has shown flexibility, which indicates that investor morale is still favorable. The next upward step can be defined by the levels of resistance amounting to $ 3.20 and $ 3.50, which is important to monitor.

Another gathering may bring Xrp Closer to 4 dollars if he is able to overcome these levels. Support is located at $ 2.86 on the downside, which is in line with an important average. A greater decline may occur if this level is lost. One of the most important changes in the XRP network activity.

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Just a few weeks ago, the network dealt with more than a billion transactions; Today it treats nearly 100 million. Since XRP has been widely used for institutional transactions or transfers, this decrease may be the result of slowing in these transactions. In addition, the number of the active account of XRP Ledger has decreased, which may indicate that less people use the network.

Although this does not necessarily convey a declining turn for XRP, it indicates a time when its ecosystem is cooled. The truth XrpIts price is fixed despite the decrease in size indicates that there is still a lot of speculative attention. The activity on the chain may support the bullish momentum if it recovers. On the other hand, if the volume of transactions continues to decrease, this may be a sign of low demand, which may increase the fluctuation of prices.