While the price of XRP is moving sideways in key areas, network transaction activity is showing an upward trend.
According to recent on-chain data, approximately 1.346 million payments were processed on the XRP Ledger (XRPL) over the past 24 hours. The total number of transactions during the same period was approximately 2.57 million, exceeding recent averages.
This increase in payments and transactions demonstrates expanding network activity, independent of price movements. The XRP Ledger encompasses a variety of transaction types, including payments, token transfers, and decentralized exchanges.
Payment and transaction volumes on the XRP network have been steadily increasing in recent weeks. However, it is difficult to determine whether this increased activity is driven by specific user groups or transaction purposes based solely on on-chain data.
Meanwhile, the price of XRP is currently trading between $1.90 and $2.00, showing limited volatility in the short term. The market is closely monitoring changes in network indicators, separate from price movements.
