XRP Ledger Sees Decline in Active Accounts Amid Price Volatility
XRP price holds steady despite drop in daily active accounts on the XRP Ledger.
The XRP Ledger has seen a decline in daily active accounts, with XRPSync data showing 98.9% validator uptime at ledger #106,810,410. However, this decrease in user engagement is not reflected in the network's overall trade volume and value, which have increased according to CoinDesk. Meanwhile, the XRP price has been volatile, trading at $1.41 with a resistance level of $1.43, as investors wait for key Federal Reserve decisions on September 16. This price stability could be attributed to whales waiting for the $1.25 price level before buying, as reported by U.Today. The impact of these developments on XRP/RLUSD is yet to be seen, but it may be worth monitoring the network's activity and user engagement in the coming days.
Sources
YA Yahoo Financefinance.yahoo.com YA Yahoo Finance
finance.yahoo.com YA Yahoo Finance
finance.yahoo.com CO CoinDesk
www.coindesk.com UT U.Today
u.today
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