🚨📢🔥Ripple News: #xrp 🚨📢
♦️♦️Ripple (XRP) remains above $2.00 as on-chain activity and retail demand decline
✅XRP holds support at $2.00 amid a relatively quiet cryptocurrency market on Friday.
✅XRP Ledger's on-chain activity slows, reflecting a decrease in active addresses.
✅Retail demand remains significantly pressured, with open interest stabilizing at $3.72 billion.
✅Ripple (XRP) extends sideways trading above support at $2.00 at the time of writing this report on Friday, as conditions stabilize after the Federal Reserve's decision.
✅The cryptocurrency market has succumbed to increased volatility as investors absorbed the Federal Reserve's hawkish rate cut decision on Wednesday. Inflation risks and a weak labor market have emerged as factors that could prompt the central bank to halt its easing cycle, a forecast that may continue to drive macroeconomic uncertainty.
