• XRP’s daily active addresses fell as did its transaction count.
• The token’s price action remained bearish, but a few metrics hinted at a trend reversal.

XRP has witnessed a considerable drop in its network activity of late, reflecting a lack of users’ interest. Along with its key network metrics, the token’s price action also followed a similar declining trend.

Therefore, AMBCrypto took a closer look at XRP to find out if a trend reversal is possible anytime soon.

XRP’s network activity is dropping!

The last 30 days were not the best for XRP in terms of network activity, as several key metrics registered declined. Beginning with daily active addresses.

The metric, after spiking on 30th December, started to decline steadily, and at press time, the trend seemed to continue.

The blockchain’s transaction count and transaction volume also moved southwards during the same period, which looked concerning as it suggested less activity on the network.

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Author: Dipayan Mitra

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