XRP's Price Plunge: Urgent Need for Change
TL;DR Summary
XRP's price has dropped by 9.34% in the last 24 hours, continuing its downward trend since March 11. On-chain metrics indicate diminishing interest from new participants, with network growth and exchange flow balance declining. Trader sentiment has turned bearish, with short positions against XRP surging to 51.8%. Additionally, development activity for XRP has slowed, reflecting a potential lack of innovation and progress within the ecosystem, which could further dampen investor confidence in its long-term prospects.
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