XRP Ledger transactions drop to October lows amid XRP’s failure to keep pace with Bitcoin.

XRP Ledger Sees Transaction Activity Slow, but Institutional Interest Remains Strong

The XRP Ledger’s momentum has cooled after a period of intense growth earlier this year, with key usage metrics dropping to their lowest levels since October 2024.

According to XRPScan data, payment transactions have fallen to around 320,747, down sharply from over a million transactions recorded during the peak months of March through early May. Active XRP Ledger addresses have dipped below 10,000, marking a significant decline from previous highs. The amount of XRP burned in fees has also reached a low of approximately 1,500 XRP, reflecting fewer new accounts being created—each requiring a refundable 1 XRP reserve.

This slowdown contrasts with a strong first quarter, where payments surged 36% and active addresses nearly doubled, as highlighted by Messari’s recent report.

Institutional Adoption Signals Positive Outlook

Despite the dip in daily activity, the long-term outlook for the XRP Ledger remains positive thanks to increasing institutional adoption and strategic partnerships.

Ripple, the firm behind the XRP Ledger, recently made headlines by partnering with Hidden Road, establishing itself as the first crypto company to operate a global multi-asset prime brokerage. Moreover, Ripple’s enterprise-grade RLUSD stablecoin gained approval from the Dubai Financial Services Authority (DFSA), enabling its use within Dubai’s financial hub.

With Ripple’s upcoming XRP Ledger Apex 2025 event scheduled for June in Singapore, further developments are anticipated to strengthen the network’s position.

XRP’s Price Lags Behind Bitcoin’s Surge

While Bitcoin hit record highs above $110,000—up more than 40% since April—XRP’s price performance has been less robust. The token climbed from $1.60 to $2.60 but has since stalled, failing to reach its January peak near $3.40.

This divergence suggests XRP isn’t riding the coattails of Bitcoin’s rally as effectively as before, highlighting potential risks. Investors should watch closely, as a downturn in Bitcoin could weigh heavily on XRP’s price dynamics.