XRP Price Slumps as XRP Ledger Faces 65.6% Drop in Transactions – Can XRP Hit $0.01?
Amid a 65.6% drop in transactions on the XRP Ledger and rising costs, the XRP price prediction becomes more uncertain as investors ponder its future viability.
In early 2024, what was once a vibrant trading hub has now seen transaction costs soar by nearly 170%, creating apprehension within the crypto community.
With the XRP Ledger facing such drastic changes, the possibility of XRP hitting even lower price points looms, raising critical questions about its short-term direction.
Recently, the XRP Ledger, a digital platform for cryptocurrency transactions, has seen less activity and higher costs.
In early 2024, it was a lively marketplace but has since become quieter and more costly to use.
Specifically, the number of transactions has dropped by over 65%, and the cost per transaction has increased by nearly 170%.
#XRP Ledger on-chain transactions declined by 65.6% during Q2 of 2024, with 86.38M transactions recorded versus 251.39M transactions clocked in Q1 of 2023, according to #Ripple’s “Q2 2024 $XRP Markets Report.” pic.twitter.com/AtR4IA4w4n
— UseTheBitcoin
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