XRP transaction fees drop 89%: Is price headed below $1.75?

XRP price risked a 15% drop to as low as $1.73, fuelled by collapsing transaction fees, reduced speculator appetite and a weakening technical structure.

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:

XRP transaction fees have dropped to 650 XRP per day, levels last seen in December 2020.

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