$XRP
XRP price risks slashing weekly gains as liquidations surge amid falling network growth. XRP price risks slashing weekly gains as liquidations surge amid falling network growth
XRP price peaked at $2.65 on Wednesday, stalling the uptrend amidst a market-wide slowdown.
Long liquidations reach $8.44 million over the past 24 hours as the uptrend targeting $3.00 falters.
Declining network growth signals reduced demand and engagement as fewer new addresses are created on the XRP Ledger.
Ripple (XRP) price slides slightly on Thursday to $2.51 after peaking at $2.65 on Wednesday. The two-week streak from support around $2.12 mirrored bullish sentiment in the wider crypto market, supported by strong fundamentals in the broader crypto market. However, a slump in XRP's network growth points to declining user engagement, which could inhibit the uptrend eyeing the $3.00 psychological resistance in the mid-term.