Cryptocurrency Market Sentiment at Risk as XRPL Fails to Reach Milestone

The latest developments in the cryptocurrency market have painted a picture of uncertainty. The XRP Ledger (XRPL) has failed to reach the three million milestone in terms of on-chain activity, a sign that market sentiment may be at risk.

Despite this, some tokens are showing resilience. NEAR protocol is trading steadily near $1.11, with its volume jumping on CoinMarketCap. This stability comes as a welcome respite from the recent volatility plaguing other cryptocurrencies.

However, Bitcoin's price recovery has stalled, with the cryptocurrency sliding towards $66,000 after analysts warned of a potential major crash. On-chain data suggests that this downturn may be more than just a minor blip on the radar.