XRP Network Activity Plunges, Support at $0.65
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XRP is experiencing a significant downturn in network activity, with transaction demand falling by 91.5% according to recent on-chain data. This sharp decline is accompanied by record lows in investor profitability, as the majority of holders are now underwater. The key support zone has shifted to the $0.65 level, which traders are closely monitoring as a potential pivot point. If this level fails to hold, further downside could be expected, with the next major support around $0.50. However, a strong defense of $0.65 might attract bargain hunters and lead to a short-term bounce. The overall market sentiment remains cautious, with XRP's price action reflecting the broader uncertainty in the crypto space.
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