XRP Users Vanish: Did They Find a Better Planet?

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In a twist that would make even the most hardened crypto enthusiast raise an eyebrow, XRP payment volume has plummeted by a staggering 90%. This isn’t just a dip; it’s a full-blown nosedive into the abyss of irrelevance. Account-to-account transactions are drying up faster than a puddle in the Sahara, and user engagement is about as lively as a sloth on sedatives.

Meanwhile, XRP’s price is doing its best impression of a yo-yo on a trampoline. After briefly flirting with the $2 mark, it’s now back to sulking around $1.17. The asset’s trend since late 2024 has been dominated by a downward price channel, and breaking out of it seems as likely as finding a unicorn in your backyard. 🦄

On-chain activity is so low it’s practically subterranean, and the rejection at the $2.20-$2.30 resistance band is giving bears more confidence than a toddler with a new toy. The rebound volume was there, but the follow-through? Not so much. XRP is now testing the black 200-day moving average at $1.95, which has been playing the role of both support and resistance like a fickle actor in a soap opera.

The 90% drop in payment volume is particularly alarming. Historically, this kind of user activity decline has been the harbinger of price drops, especially for assets with technical setups as shaky as a Jenga tower in an earthquake. As XRP’s utility dwindles and active participants vanish, maintaining investor confidence is becoming as challenging as herding cats. 🐱

If buyers decide to step in, XRP might consolidate and prepare for a more steady upward move. There’s still strong historical support at $1.80, but to overcome the bearish bias, XRP would need to convincingly recover $2.20 and exit the descending channel with robust fundamentals and high volume. In conclusion, XRP is at a crossroads. Without swift action from bulls to regain control and restore momentum, the decline in user activity and poor price performance could spell further doom. Or, you know, maybe everyone just decided to take a long vacation. 🌴

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2025-04-10 15:39