XRP’s (XRP) drop toward $2 was preceded by a significant drop in transaction fees, which analysts said may fuel a deeper price correction.
Key takeaways:
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XRP transaction fees have dropped to 650 XRP per day, levels last seen in December 2020.
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XRP’s descending triangle targets $1.73.
XRP transaction fees drops to five-year lows
The total daily transaction fees on XRP Ledger (XRPL) have dropped significantly since the beginning of the year, according to onchain data provider Glassnode.
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