BXE/XRP Pair Plunges Over 63%: Speculative Activity and Low Liquidity Fuel Price Drop

The BXE/XRP trading pair has experienced a dramatic plunge of over 63% following a mid-May rally. This sharp correction highlights the instability of the pair’s market, driven by speculative buying activity in thin volumes. Despite this volatility, XRP Ledger utility remains robust, processing over 2.5 million transactions daily, demonstrating continued demand for XRP and its ecosystem.