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**Major XRP Metric Drops by 97%**
In a shocking turn of events, the price of Ripple’s native cryptocurrency XRP has taken a drastic plunge. As reported, just 1.9 trillion SHIB in 24 hours has left many in the crypto community scratching their heads.
According to data, this unprecedented drop could be attributed to several factors. Traders, it seems, took advantage of the sharp increase in XRP’s price, causing on-chain transaction activity to decrease. This sudden surge in speculation rather than organic growth may have contributed to the significant decline in transaction volume.
Ripple’s recent price spike has led many investors to speculate, and this could be the primary reason for the drop-off in transactions. While this metric is not conclusive evidence of a fundamental issue with XRP itself, it does raise concerns about the long-term sustainability of the asset’s value.
As seen in previous cases of market speculation, XRP might not necessarily have any fundamental issues but could still be susceptible to temporary fluctuations based on speculation and investor sentiment.
Source: u.today
