XRP Ledger Drops 400,000 Payments Out of Nowhere

The XRP Ledger (XRPL) experienced a sudden drop in payment activity, losing around 400,000 transactions overnight. The drop came during a volatile week for the market as a whole. The reason behind it has not been confirmed. It could be a result of the recent market crash or a reduction in automated or low-value transactions. Whatever the reason, a drop in network activity is a weak indicator. XRP's price chart shows the same stress. After falling from about $1.50 earlier this week, XRP is now trading near $1.3866. On Thursday, it dropped to about $1.32 and subsequently bounced back.

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