Despite a sharp decline in on-chain payment activity throughout the XRP Ledger, XRP has experienced an unexpected short-term recovery, reporting a price increase of about 19%. It is difficult for traders to tell whether this move is the start of a long-term recovery or just a technical bounce inside a larger downtrend, because of the divergence between price action and network usage.
XRP Price Gains 19% Despite 70% Slump in On-Chain Payment Volume
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