#BinanceSquare The XRP Ledger network records 1.1 billion XRP in payments within 24 hours The “XRP Ledger” network saw a sharp rise in activity after daily payment volume exceeded 1.1 billion $XRP , compared with a 30-day average of about 494.6 million $XRP , meaning the latest activity is more than double the monthly average.
At the same time, the number of successful transactions increased by 11.2% to around 1.5 million transactions, while total transactions reached 2.2 million, up 23.9%. The number of active accounts also rose by 21.5% to 18,700 accounts.
However, the data does not necessarily indicate a continuous increase in the network’s adoption, as the number of active users fell by 17.3% to about 155,300 users, suggesting that part of the increase may be due to larger or more frequent transfers from existing participants.
XRP tests critical levels:
The surge in network activity coincides with XRP’s attempt to recover after it fell from August’s peak, when it neared $1.70.
The coin is currently trading near $1.32 after recently testing the $1.28–$1.30 area and managing to bounce back.
XRP faces major resistance between $1.34 and $1.36, and breaking above it could return the price to the $1.40–$1.45 range.
Meanwhile, the $1.28 level remains pivotal, while additional support extends between $1.24 and $1.27.
At the same time, the number of successful transactions increased by 11.2% to around 1.5 million transactions, while total transactions reached 2.2 million, up 23.9%. The number of active accounts also rose by 21.5% to 18,700 accounts.
However, the data does not necessarily indicate a continuous increase in the network’s adoption, as the number of active users fell by 17.3% to about 155,300 users, suggesting that part of the increase may be due to larger or more frequent transfers from existing participants.
XRP tests critical levels:
The surge in network activity coincides with XRP’s attempt to recover after it fell from August’s peak, when it neared $1.70.
The coin is currently trading near $1.32 after recently testing the $1.28–$1.30 area and managing to bounce back.
XRP faces major resistance between $1.34 and $1.36, and breaking above it could return the price to the $1.40–$1.45 range.
Meanwhile, the $1.28 level remains pivotal, while additional support extends between $1.24 and $1.27.
