XRP technicals continue to strengthen, SEC's constraints are too deep đ„đ„đ„
XRP Ledger becomes the focus
The total transaction volume of the XRP Ledger protocol reached 251,397,881, an increase of 108% from 121,031,713 in the fourth quarter of last year. The growth of new applications and users has brought impressive milestones to the protocol.
In addition, the total amount of XRP destroyed also jumped from 317,271 in the fourth quarter of last year to 636,184, an increase of 101%. DEX transaction volume was 57,618,270 in US dollars, an increase of 5% from the previous quarter.
While these developments show the progress of XRP Ledger, there are also some challenges. For example, the number of new wallets fell by 11%, from 208,522 in the fourth quarter of last year to 185,809.
In addition, the average cost per transaction in US dollars fell 45% to 0.000856, indicating that the transaction costs on the XRP Ledger are generally low.
Focus on Ripple and SEC litigation
Regulators accused Ripple of violating federal securities laws by selling XRP to institutional investors and demanded a $2 billion fine.
This includes about $900 million in disgorgement of ill-gotten gains, about $200 million in prejudgment interest, and about $900 million in fines.
XRP's technical side continues to strengthen, and the SEC is too restrained. Keep paying attention. Once the XRP lawsuit is reversed, XRP will definitely shine.
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