XRP’s Descent: 90% Drop in Activity-A Crisis or Tragedy?

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Oh, what a harrowing tale this is! The XRP Ledger, once a beacon of bustling transactions, now lies in shambles, its activity plummeting like a soul cast into the abyss. Behold, the network has lost 90% of its vigor in a single day, a calamity that would make even the most stoic of philosophers weep. From a staggering 880,000 transactions, it has dwindled to naught but a whisper-what a tragicomedy of errors! 🚨💸

XRP Still Going Down

When a network ascends with the fervor of a madman and then plummets into the void, one must ponder: is this a fleeting tempest or a harbinger of doom? A one-time settlement, a bot-driven frenzy-both are possible, yet neither quells the dread that gnaws at the heart of this digital realm. 🤷♂️

Behold, the price of XRP, a prisoner in its own declining channel, hovering near $2.16 like a beggar at a feast. The RSI, a wretched specter, lingers in silence, while the moving averages, like weary travelers, slope downward. A symphony of despair, if ever there was one. 🕯️

Does Activity Matter?

And yet, the chart remains unmoved, as if the market itself were blind to the chaos. What folly is this, that a surge of activity should be met with indifference? It is as though the market, in its infinite wisdom, deems such noise unworthy of notice. 🤔

True persistence, that noble virtue, demands a steady march of usage, not a fleeting explosion followed by a vacuum. XRP, it seems, has chosen the path of the ephemeral, a ghost haunting the corridors of its own potential. 🧟‍♂️

With resistance levels rebuffed and metrics in freefall, the path forward is clear: a drift toward the channel’s lower boundary. Unless XRP can cling to $2.00 and forge higher lows, the market shall remain as apathetic as a stone. 🧱

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2025-12-04 16:00