Reduced transaction volume and fees on the $XRP network suggest waning market interest and momentum
, the third largest cryptocurrency by market capitalization, the on-chain metrics present an enlightening perspective, especially as it coincides with its current price trajectory., indicating a lack of momentum on the market. A vital metric, the transaction volume, remains at its presurge level. This stagnation in transaction activity shows a clear disconnect from the brief euphoria that engulfed the market following the SEC's ruling, which declared that XRP was not a security.
The surge in activity and price was undeniably evident during the days surrounding the SEC verdict. It was a critical juncture that many had hoped would invigorate the XRP network and lead to more consistent positive performance. However, after the initial excitement waned, the network seems to have reverted to its previous state, becoming stagnant once again.
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