XRP Ledger sees its smallest payment count since October, reflecting XRP’s inability to keep up with Bitcoin.

XRP Ledger Sees Activity Dip to Lowest Since October, Despite Positive Institutional Developments

The XRP Ledger has witnessed a significant slowdown in on-chain activity, with payment transactions dropping to about 320,747—the lowest level since October 2024—according to XRPScan data. Active addresses also declined below 10,000, marking a notable decrease in user engagement. Additionally, XRP burned through transaction fees hit a multi-month low of around 1,500 XRP, reflecting a slowdown in new account creation.

This downturn contrasts with a strong first quarter, where payment transactions surged 36% and active addresses grew by 142%, highlighting the earlier momentum XRP enjoyed.

Bright Spots on the Horizon

Industry insiders remain upbeat about the XRP Ledger’s potential. Ripple’s recent partnership with Hidden Road positions it as the first crypto company to run a global, multi-asset prime brokerage. Furthermore, Ripple’s enterprise-grade RLUSD stablecoin recently gained approval from the Dubai Financial Services Authority, opening new pathways for digital asset adoption in the Dubai International Financial Centre.

Ripple’s upcoming XRP Ledger Apex 2025 event in Singapore, scheduled for June 10–12, is expected to unveil more strategic developments.

XRP Price Lags Behind Bitcoin’s Surge

Bitcoin has been on a tear, climbing over 40% since April and reaching all-time highs above $110,000. XRP, on the other hand, while rising from $1.60 to $2.60 earlier this year, has since stalled and remains well below its January peak of $3.40. This divergence suggests that XRP’s price is not capturing the full benefits of Bitcoin’s rally, hinting at possible challenges ahead if Bitcoin’s momentum slows.