Ripple’s XRP Volume Plummets: What’s Next for the Cryptocurrency?

Ripple’s native token, XRP, has seen a dramatic decline in its transactional activity, raising concerns about its future performance. Data from early April showed significant trading volume exceeding 800 million XRP, but this metric recently plummeted to only 527 million XRP on April 30th. This steep drop, coupled with the current price of XRP hovering around $2.13, suggests a possible shift in market sentiment and potential challenges for the cryptocurrency.