$XRP Network activity remains affected by the prolonged volatility seen across crypto markets recently.
The momentum has suddenly changed and we are now seeing major cryptocurrencies including: $XRPthe price has increased significantly over the past day. $XRP During this period, the combustion rate only decreased.
According to data from crypto analysis platforms, $XRPThe burn rate decreased by about 2% over the past 24 hours and remained at 536. $XRP As of February 14th.
Notably, this decrease $XRP The daily write volume suggests that network activity has decreased significantly due to the recent crypto market downturn that lasted several weeks.
$XRP 5.08% sharp increase
on the other hand, $XRP Burn metrics often do not prove to be a major determinant of potential price changes, and asset price changes indicate extreme contractions in network performance.
Although a significant deceleration in the indicators indicates an overall downward trend, $XRPOn-chain movement of $XRP Prices have increased significantly over the same period.
Over the past 24 hours. $XRP has soared 5.08% and is trading at $1.46 at the time of writing, a notable rise from levels recorded over the past few days.
Historically, economic slowdowns such as this fee-driven burn activity have often occurred when the overall crypto market is in a new recession. However, this case is different, raising concerns about the sustainability of the ongoing price hike.
Although it is difficult to determine whether it may be disrupted by reduced network activity, $XRPThe current price of has somehow skyrocketed, but holders are optimistic that this resurgence will pave the way. $XRPPass to get your $2 back.
