{"id":25411,"date":"2025-05-06T15:02:29","date_gmt":"2025-05-06T15:02:29","guid":{"rendered":"https:\/\/dogewisperer.com\/?p=25411"},"modified":"2025-05-06T15:02:29","modified_gmt":"2025-05-06T15:02:29","slug":"xrp-drops-to-2-09-as-on-chain-activity-sputters-despite-etf-optimism","status":"publish","type":"post","link":"https:\/\/dogewisperer.com\/?p=25411","title":{"rendered":"XRP Drops to $2.09 as On-Chain Activity Sputters Despite ETF Optimism"},"content":{"rendered":"<div>\n<p>XRP slid 2.57% to $2.09 on Tuesday, deepening its weekly loss to nearly 8% as traders eye <a href=\"https:\/\/www.benzinga.com\/money\/how-to-buy-ripple-xrp#:~:text=To%20purchase%20XRP%20on%20a,your%20assets%20as%20the%20custodian.\">weakening momentum across the altcoin space<\/a>. Despite a modest 1.5% monthly gain, XRP is struggling to hold above key support levels as investor attention turns to broader macroeconomic catalysts\u2014including this week&#8217;s U.S. Federal Reserve decision.<\/p>\n<p>A mixed bag of data from Ripple&#8217;s first quarter XRP Markets Report points to the token&#8217;s current tension. While spot trading volumes for XRP surged in the first quarter\u2014averaging $3.2 billion daily and briefly topping $16 billion\u2014on-chain activity on the XRP Ledger (XRPL) declined. Transactions fell more than 37% quarter-over-quarter, while wallet creations dropped 40%.\u00a0<\/p>\n<p>Even decentralized exchange activity on XRPL was down nearly 17%, with monthly DEX volume stuck around just $3.3 million, according to DefiLlama.<\/p>\n<p><strong>Don&#8217;t Miss:<\/strong><\/p>\n<ul>\n<li><strong><a href=\"https:\/\/www.benzinga.com\/go\/plus-500-crypto-in-content\">Trade crypto futures on Plus500 with up to &#8230;<\/a><\/strong><\/li>\n<\/ul>\n<p><a href=\"https:\/\/www.benzinga.com\/25\/05\/45224972\/xrp-drops-to-2-09-as-on-chain-activity-sputters-despite-etf-optimism\" alt=\"XRP\" drops to as on-chain activity sputters despite etf optimism>Full story available on Benzinga.com<\/a><\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>XRP slid 2.57% to $2.09 on Tuesday, deepening its weekly loss to nearly 8% as traders eye weakening momentum across the altcoin space. Despite a modest 1.5% monthly gain, XRP is struggling to hold above key support levels as investor attention turns to broader macroeconomic catalysts\u2014including this week&#8217;s U.S. Federal Reserve decision. A mixed bag [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"iawp_total_views":0,"footnotes":""},"categories":[2],"tags":[3,4,5],"class_list":["post-25411","post","type-post","status-publish","format-standard","hentry","category-news","tag-crypto","tag-doge","tag-news"],"_links":{"self":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/25411","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=25411"}],"version-history":[{"count":0,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/25411\/revisions"}],"wp:attachment":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=25411"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=25411"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=25411"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}