Q2 Report Shows 65.6% Drop in XRP Transfers on XRPL

XRP

XRP/USDT

$2.1464

+5.49%

$2.1464

+5.49%

(24s)

24h Volume

$2,075,375,897.97

24h H/L

$2.1665 / $2.0338

Change: $0.1327 (6.52%)

Long/Short

69.9%

Long: 69.9%Short: 30.1%

Funding Rate

+0.0008%

Longs pay

Data provided by COINOTAG DATALive data

Ripple

Daily

$2.1406

▲ 2.38%

Volume (24h): -

Resistance Levels

Resistance 3$2.3948

Resistance 2$2.2242

Resistance 1$2.1763

Price$2.1406

Support 1$2.1316

Support 2$2.0547

Support 3$1.9595

Pivot (PP):$2.1316

Trend:Sideways

RSI (14):65.4

**XRP’s Q2 Report Shows a 65.6% Decline in Transfer Numbers Compared to Q1**

Ripple’s recently released Q2 report for XRP has brought significant attention within the crypto community. The report highlights a notable 65.6% drop in the number of transfers on the XRP Ledger (XRPL) when compared to Q1. Ripple has attributed this sharp decline to a broader trend impacting almost all on-chain activities across various platforms.

The downturn has sparked discussions among analysts and investors about underlying causes and potential future impacts on the XRP ecosystem. Despite the gloomy statistics, Ripple remains optimistic, focusing on long-term developments and innovations. Investors are now keenly monitoring subsequent quarters to gauge whether this trend will reverse or stabilize moving forward.

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