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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, ...

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Ethereum’s price has fallen to levels not seen since early 2021. The ETH/BTC ratio hit a 3.5-year low of 0.039. This shows weakness in the second-largest cryptocurrency. The Ethereum price drop has shocked the crypto world, leading to intense ETH market Analysis . Also Read: Shiba Inu (SHIB) &, Dogecoin (DOGE) Price Prediction For September End 2024 Ethereum’s Uncertain Path: Overcoming Market Turbulence and Security Challenges ETH/BTC Ratio Hits Rock Bottom ETHBTC just traded on a 0.03 handle for the first time in 3.5 years (apr 2021) -53% since the merge in sep 2022 what stops this train? pic.twitter.com/Olj6SGEiVe — Alex Thorn (@intangiblecoins) September 15, 2024 The ETH/BTC pair is at its lowest since April 2021. ITC Crypto founder Benjamin Cowen says, “ETH/BTC will likely bottom between 0.03-0.04 and then trend up in 2025.” He adds, “It could bottom as early as this week or as late as December. Based on prior capitulations, I think it will ha...