XRP network activity crashes 95%; What next?
XRP is experiencing a noticeable slowdown in network activity as it struggles to maintain its price above the psychological level of $2. Specifically, the number of new daily XRP accounts created has dropped from an all-time high of 30,641 on December 2 to just 1,822 as of May 25. This represents a staggering 94.05% decline in under six months, according to data from XRP Scans retrieved by Finbold. XRP new accounts activated chart. Source: XRP Scan Notably, the last peak in new accounts coincided with XRP breaking out of a prolonged consolidation phase below $1. That surge in activity aligned with a post-election rally, suggesting renewed investor interest during that period over anticipation of friendly regulation for the sector. Interestingly, even amid recent positive developments, the pace of new account creation remains subdued. For example, progress in the legal battle between the Securities and Exchange Commission (SEC) and Ripple continues, ...
