XRP Ledger Sees Sharp Drop in Activity as Key Network Metrics Tumble

The XRP Ledger has seen a dramatic slowdown in usage, with fresh data revealing a steep drop in both transactions and new account activations—raising concerns about the token’s short-term outlook.

On June 26, total payment transactions on the network plummeted to just over 590,000, marking the lowest level since June 8. That’s a sharp fall from the roughly 1.4 million transactions recorded just a day earlier, according to XRPScan data reviewed by Finbold.

This downturn wasn’t limited to transactions alone. Only 1,474 new accounts were activated, the lowest daily figure since late October 2024. It’s a notable retreat, especially considering that daily activations had consistently remained above 2,000 for nearly eight months.

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Perhaps most troubling is the decline in payment-specific activity—a core measure of how much the network is actually being used for its intended purpose. Daily payments fell from nearly 2.5 million earlier in the week to just 741,501 by June 25, a staggering 70% drop.

This collapse in on-chain metrics comes at a time when XRP’s market performance is also under pressure.

Analysts warn that unless network usage and user engagement pick up, XRP could continue to face significant headwinds. With both retail and institutional participation appearing to fade, the path to recovery may prove difficult in the near term.

Alexander Stefanov

With over 8 years of experience in the cryptocurrency and blockchain industry, Alexander is a seasoned content creator and market analyst dedicated to making digital assets more accessible and understandable. He specializes in breaking down complex crypto trends, analyzing market movements, and producing insightful content aimed at educating both newcomers and seasoned investors. Alexander has built a reputation for delivering timely and accurate analysis, while keeping a close eye on regulatory developments, emerging technologies, and macroeconomic trends that shape the future of digital finance. His work is rooted in a passion for innovation and a firm belief that widespread education is key to accelerating global crypto adoption.