XRP transaction demand falls 91.5% as traders focus on $0.65 support
Hex37's read
- XRP transaction demand has plummeted by 91.5%.
- Investor profitability on the XRP network is at record lows.
- Traders are now focusing on the $1 to $0.65 support zone.
What it means for traders
- The significant drop in demand suggests bearish sentiment for XRP, potentially leading to further price declines.
- Key support at $0.65 is critical; a break below could trigger substantial sell-offs.
Affected markets
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