XRP Ledger Plummets: 90% Drop Sparks Concerns About Network’s Future

A concerning drop in XRP Ledger (XRPL) activity, with a remarkable 90% decline from its peak, has raised questions about the network’s health and future prospects for XRP. Despite relatively stable prices hovering between $2.30 and $2.40, XRPL volume has virtually disappeared, leaving analysts to question if speculative interest is overshadowing genuine usage. This trend is reflected in the price action of XRP itself, which has been trapped in a tight consolidation pattern with no clear direction.