Activity on the XRP Ledger has markedly decreased, with transactions falling to 320,747—its lowest since October. This decline is a stark contrast to the previous months where average transactions exceeded 1 million. The number of active addresses has also dropped below 10,000, coinciding with fewer new account creations, as the number of XRP burned as fees fell to a multi-month low of 1,500 XRP. This downturn follows a strong first quarter in which transaction volumes surged by 36%, alongside a 142% increase in active addresses, according to data from XRPScan and Messari. The recent downturn has raised alarms about the demand for XRP, especially as Bitcoin, the leading cryptocurrency, recently reached new highs, reinforcing the disparity in performance between the two assets. XRP's price initially soared from $1.60 to $2.60, marking a 62% increase. Yet, it has since fallen short of its peak of around $3.40 in January, reflecting a lack of momentum compared to Bitcoin's rally. Experts suggest that this stagnation could indicate waning interest in XRP, signaling a cautious outlook for potential investors. Ripple's recent developments, including the approval of its RLUSD stablecoin by the Dubai Financial Services Authority and upcoming announcements during the XRP Ledger Apex 2025 event, may impact XRP's trajectory moving forward.
XRP Ledger Payments Drop to Lowest Levels Since October Amidst Bitcoin's Surge
Payments on the XRP Ledger have plummeted to their lowest point since October, as XRP struggles to keep pace with Bitcoin's performance. Transaction counts and active addresses are down sharply, raising concerns for XRP's future.
Jamie Bennett
Crypto Analyst
5 min read
5,940
Analysis
Market Sentiment
Bearish
Neutral
Bullish
News Impact
8/10
Credibility: 9/10
Trading Recommendation
XRP
XRP
SELL
Entry Price
$0
Confidence
40%
Stop Loss
$1.8
Take Profit
$2.1 - $2.4
Due to recent negative activity trends on the XRP Ledger and its failure to keep up with Bitcoin, there is no immediate buying opportunity, but I recommend tight risk management.
