Ripple User Count Drops by 7.8%, XRP Price Inches Close to Danger Zone
The number of active users of XRP was reduced by over 42,000 in a new report.
Ripple has responded by collaborating with a major Asian firm.
This new arrangement would see Ripple expand its reach in three big countries.
XRP, the native token of Ripple, has not had the best of times lately.
From being deemed “nothing but computer code with no inherent value†by the United States Securities and Exchange Commission (SEC) in the latest twist of their battle to now losing active users.
The coin receded from its weekly high of $0.532 and has now recorded a drop in active users.
Indeed, it has reduced from 539.38K on September 1 to 497.24K at this time.
Not backing down, Ripple has made plans to counter this decline in its system.