Active addresses on XRP are plummeting, but it is not death sentence for cryptocurrency
, a cryptocurrency that has been through its fair share of ups and downs. Recently, an on-chain metric that usually gets a lot of attention has taken a nosedive. We are talking about the Active Addresses Count, which has hit a local low. Now, before you start panicking, let's consider why this might not be the end of the world forFirst off, the current price of XRP hovers around $0.50, as of the latest data.
Why could a drop in Active Addresses Count be a good thing? Well, it might indicate that short-term traders and speculators are exiting the , leaving room for more committed investors. These are the folks who believe in XRP's long-term potential and are less likely to sell at the first sign of trouble. Their presence could provide a more stable foundation for future growth.Now, let's address the elephant in the room: trading volume. It is on the lower side for XRP, which would usually be a cause for concern. However, low volume is not always a bad omen.
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