XRP Ledger Sees Sharp Decline In Major Metric That Threatens To Send XRP Price To $0.2
Summary
Ripple's Q2 2024 market report shows a 65.6% decline in on-chain transactions on the XRP Ledger, which could impact XRP's price. The decline is attributed to XRP's underperformance and the broader bearish sentiment in the crypto market. However, there is a revived bullish sentiment among XRP investors due to expectations of a favorable resolution in the SEC lawsuit. If the lawsuit is not resolved soon, XRP's price could face significant decline. Additionally, XRP's price is currently trading at around $0.46, down over 16% in the last 24 hours.
