📝Ripple (#xrp ) is witnessing an increase in user activity.. Will the price react?

✅On-chain data shows that on July 8, the number of successful transactions completed on the XRP ledger reached 2.3 million. This represents a 15% increase compared to the 2 million transactions recorded the previous day. The last time the network recorded a number of daily transactions this high was on February 16, #EarnFreeCrypto2024 .

🔶The month witnessed a significant increase in demand for the distributed blockchain #blockchain year. Since July 1, the number of daily transactions on the network has increased by 97%.

🟢While the price of Ripple XRP has seen a slight increase over the past 24 hours, it is expected to continue its month-long downward trend. At its current price, the altcoin's price is down 12% over the past 30 days.

At press time, XRP's Parabolic Stop and Reverse (SAR) indicator points are above its price. This indicator identifies potential trend direction and reversals.

🔵The presence of points of this indicator above the asset price indicates that the market is declining. This indicates that the price of the asset has been rebounding and may continue to decline.

✔️If this decline continues, the price of XRP may drop to $0.41#Binance .