📉 XRP Ledger Shows Worrying Signs as Network Activity Hits New Lows
$XRP is having a rough week. 😬
Prices keep sliding, and the chart still can’t break above the 50 EMA — a key level traders watch for signs of strength.
Every small bounce gets rejected, and the trend continues to form lower highs, a classic signal of weakness.🔻
What’s more concerning is what’s happening on-chain.🧐
The XRP Ledger is showing some of its lowest payment volumes and transaction counts in a long time. This isn’t just a small dip — it’s a clear drop in network usage. 📉
When fewer transactions and less money move across the network, it usually means demand is cooling off.😰
When weak price action is combined with falling activity, the market can slip into a negative loop: less usage ➝ lower confidence ➝ less buying ➝ weaker price. Without a strong catalyst, XRP may keep moving sideways — or even lower.📉
🔍 What do you think — temporary slowdown or a deeper issue?
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