XRP Ledger Activity Declines to Lowest Levels Since October Amid Mixed Market Signals
The XRP Ledger has experienced a notable slowdown in transaction volume and user engagement, dropping to its lowest point since October 2024. Payment transactions have decreased sharply to roughly 320,747, down from the more than one million recorded during peak activity in early 2025, according to XRPScan. Additionally, active addresses fell below 10,000, while XRP burned for fees declined to a multi-month low near 1,500 XRP, indicating fewer new accounts being created on the network.
This cooldown follows a robust first quarter, when XRP Ledger payments surged 36%, and active addresses expanded by 142%, reflecting strong early momentum, per Messari data.
Optimism Remains as Institutional Interest Grows
Despite the recent drop in on-chain activity, industry observers remain optimistic about XRP’s future. Ripple continues to forge ahead with strategic moves to bolster institutional adoption. The company recently partnered with Hidden Road, becoming the first crypto firm to operate a global multi-asset prime brokerage.
Further boosting confidence, Ripple’s RLUSD stablecoin secured approval from Dubai’s Financial Services Authority, paving the way for broader use within the Dubai International Financial Centre.
With Ripple’s XRP Ledger Apex 2025 event set for June in Singapore, more announcements and developments are expected to sustain interest in the network.
XRP’s Price Momentum Trails Bitcoin’s Rally
Meanwhile, Bitcoin has surged past $110,000, gaining over 40% since April. XRP, though initially rising from $1.60 to $2.60, has since plateaued and failed to approach its January peak of $3.40. This underperformance suggests XRP’s price is decoupling from Bitcoin’s bullish momentum.
This divergence raises caution among traders, as XRP may face challenges if Bitcoin’s rally loses steam.
