Ripple's Market Woes: Can XRP Overcome 'Zombie' Status? Ripple has been labeled a "zombie token" and criticized for its inflated value. Despite significant outflows from exchanges, the price continues to slide. Will the buyers be able to fend off another wave of selling?
Growth Metrics in DeclineThe velocity of XRP, a measure of daily token movement, has been steadily dropping since mid-March. This suggests a decrease in user activity and transactions. Network growth, indicated by new addresses created, is also on the decline.
Chances of Recovery?While short-term indicators show XRP as undervalued, the mean dollar invested age has only recently started to rise. Sustained growth over weeks or months would be needed for a bullish rally past the $0.7 resistance level.
Despite its current struggles, can Ripple's XRP shake off its zombie status and make a comeback? Only time will tell.
