Prof-Countenance100x
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Bullish
From 1 Billion $XRP to 100 Million: Positive Approach by Investors
#XRPPredictions
👉The number of payments on the XRP network has drastically decreased — by nearly 90% — from over 1 billion to about 128 million. Usually, such rapid drops are a question of time, and the network recovers back to normal values.
👉However, there might be a case where there simply will not be enough resources on the network to make things normal again.
There is a mixed picture for XRP due to the combination of decreased network activity and price difficulties.
👉One could argue that the drop in on-chain transactions is a sign of a brief lull driven by investor hesitancy or macroeconomic considerations.
👉However, if XRP is unable to rebound in both price action and on-chain metrics, it might be exposed to more negative risks. Regaining higher price levels and breaking out of the current downtrend are necessary for XRP to regain bullish momentum.
👉Resuming the volume of transactions could also boost network confidence. Until then, investors should exercise caution as the asset makes its way through a difficult market. #Xrp🔥🔥
#XRPPredictions
👉The number of payments on the XRP network has drastically decreased — by nearly 90% — from over 1 billion to about 128 million. Usually, such rapid drops are a question of time, and the network recovers back to normal values.
👉However, there might be a case where there simply will not be enough resources on the network to make things normal again.
There is a mixed picture for XRP due to the combination of decreased network activity and price difficulties.
👉One could argue that the drop in on-chain transactions is a sign of a brief lull driven by investor hesitancy or macroeconomic considerations.
👉However, if XRP is unable to rebound in both price action and on-chain metrics, it might be exposed to more negative risks. Regaining higher price levels and breaking out of the current downtrend are necessary for XRP to regain bullish momentum.
👉Resuming the volume of transactions could also boost network confidence. Until then, investors should exercise caution as the asset makes its way through a difficult market. #Xrp🔥🔥
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