XRP Stagnates Near $1.10 as Demand for XRP Ledger Declines

Ripple's XRP has been trading around $1.10 after defending the $1.00 support level during the recent market crash.

The token has stagnated at this price since then, and on-chain metrics suggest a decline in demand for the XRP Ledger.

This raises questions about crypto adoption and token performance, leaving a potential rally uncertain.