XRP Stalls at $1.10: Could Quiet On-Chain Activity Be the Calm Before a Bigger Move?
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Ripple’s XRP has traded around $1.10 after defending $1.00 support a few weeks ago during the market crash. On-chain metrics show dwindling demand for the XRP Ledger, raising questions about crypto adoption and token performance and leaving a potential rally uncertain.
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Ripple’s cross-border token has stagnated around $1.10 ever since it defended the $1.00 support a few weeks ago during the darkest hours of the overall market’s crash.
Worrisome on-chain data shows that the demand for the XRP Ledger has dwindled lately, but other factors are at play for Ripple and its token. The question now is whether a new rally is brewing.
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