Kurt Donnelly @ArokCrypto: "💠 Quick update on XRP..."

Australia

💠 Quick update on XRP that caught some attention this week. 💠 ➡️ The XRP Ledger is seeing record activity right now. Daily payments on the network are around 2.7 million transactions which is the highest level it has ever reached. So from a usage and infrastructure perspective the network is clearly growing. However the price of XRP is still about 62 percent below its previous peak. ➡️ The main reason appears to be that a lot of this new activity does not require people to hold large amounts of XRP. Many of the newer DeFi and tokenization applications run on the ledger but do not create strong direct demand for the token itself. 📌 So at the moment there is a clear disconnect between network growth and token price. The takeaway is that fundamentals on the XRPL side are improving but the market is still pricing XRP mostly based on broader crypto sentiment and liquidity cycles rather than purely on network activity. $XRP $BTC $NSDQ100 $USDOLLAR $ETH

Not investment advice. The author may have financial interests in the mentioned instruments.