Recent data from XRP ($XRP )Scan shows a significant slowdown in the $XRP Ledger. Daily payment transactions have fallen to 320,747, the lowest since October 2024, down from over 1 million between March and May. Active addresses have also dropped below 10,000, and only 1,500 XRP were burned in transaction fees—indicating low usage and fewer new accounts.
This decline follows a strong Q1, where transactions rose 36% and active addresses 142%. Despite this, Messari remains optimistic, citing growing institutional adoption and partnerships.
Meanwhi le, Bitcoin hit a new all-time high of $110,000, lifting XRP from $1.60 to $2.60. However, XRP still trades well below its January peak of $3.40, and momentum has stalled. If Bitcoin corrects, XRP could face more downside pressure.
Short-term caution advised, but long-term outlook remains hopeful.
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