XRP Ledger Payment Count Crashes to the lowest from October because XRP has failed to keep in Bitcoin (BTC)
The XRP Ledger activity, a decentralized public blockchain designed for fast, effective real-time transfer of XRP, fiat currencies and other digital properties, has slowed down since the first quarter.
The number of payment transactions, which represents the transfer of amount from one account to another, dropped to 320,747 at the time of the press, the lowest since October and significantly dropped from the average of more than 1 million observed until March, April, and early May, according to the data source XRPSCAN.
The number of active addresses also fell underneath 10,000, also the lowest since October. Meanwhile. Account creators need to deposit 1 XRP, which can be reclaimed following the deletion of the account.
Slowing down follows a Awesome -the first quarter Where payment transactions advance a wonderful 36% on a quarter-on-quarter basis, according to the data monitored by Messari. Meanwhile, active addresses are registered with a 142% growth.
Positive outlook
The Report of Mesari is optimistic about XRP Ledger’s prospects, citing an increase in institutional adoption through strategic partnerships and acquisitions.
In April, Ripple, who used the XRP ledger to provide payment solutions, hidden roads, making it the first crypto company owned and operated a global, multi-asset prime broker.
Earlier today, Rlusd Stablecoin grade received a green light from the Dubai Financial Services Authority (DFSA), opening doors for its use at the Dubai International Financial Center (DIFC).
Many more announcements may hit the wires next week during the Ripple’s XRP Ledger Apex 2025’s XRP Ledger Apex 2025, which will take place in Singapore from June 10 to 12.
XRP struggles to keep up with Bitcoin
Bitcoin, the leading cryptocurrency by market value, recently rose to new lives of over $ 110,000, which marked a flow of more than 40% from early April near $ 75,000.
Stellar’s recovery also raised the broader market higher, with the XRP jumping from $ 1.60 to $ 2.60, an increase of 62%, according to CoinDesk data. However, the token rally focused on payments has been staring since then, falling smoothly at its peak around $ 3.40 registered in January when BTC set a lively of $ 109K.
The difference -Iba suggests that XRP does not benefit from the new bitcoin highs in the same way it did earlier this year. It can be a sign of avoiding demand for XRP, which suggests caution, as a potential collapse in Bitcoin can weigh in excess of XRP prices.
