【Market Update】119.5 million payments—that was the XRP Ledger’s daily payment count on October 17, plunging 72.3% from the previous day and falling far below the 30-day average of 629.3 million. Intraday payment volume on October 18 was about 37.5 million, down another 68.6%. Daily payments over the past year have mostly ranged from 300 million to 1 billion, so a drop back to around 100 million is quite rare. As transfers cool sharply, XRP is under pressure near $1.30 and has fallen below several moving averages. Whether payment volume can rebound above 500 million will be key to determining whether this is just weekend noise or a cooling trend.
(Source: U.Today)
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