-
XRP Ledger payments hit their lowest point since October, with active addresses and burned fees also declining.
-
Despite the slowdown, strategic partnerships are expected to drive long-term institutional adoption and network growth.
-
XRP price has lagged behind Bitcoin’s recent surge, failing to maintain momentum from earlier in the year.
Activity on the XRP Ledger has significantly slowed since Q1, with daily payment transactions falling to just 320,747—the lowest since October—according to data from XRPScan. This marks a steep decline from the over 1 million daily transactions observed in March, April, and early May.
Similarly, the number of active wallet addresses has dipped below 10,000, also the lowest in months. Network usage fees, measured by XRP burned, have dropped to around 1,500 XRP per day, suggesting reduced activity in account creation and transactions.
This follows a strong first quarter, when XRP Ledger saw a 36% quarter-over-quarter jump in payment activity and a 142% spike in active addresses, according to Messari. However, the momentum has since faded.
Institutional Adoption Keeps Long-Term Outlook Positive
Despite the recent decline in on-chain activity, industry analysts remain optimistic. Messari points to increasing institutional adoption through partnerships and acquisitions as a major driver of future growth.
In April, Ripple became the first crypto firm to acquire a global, multi-asset prime broker by partnering with Hidden Road. More recently, Ripple’s RLUSD stablecoin received regulatory approval from the Dubai Financial Services Authority, paving the way for integration into the Dubai International Financial Centre.
Additional updates are expected at the upcoming XRP Ledger Apex 2025 event, scheduled for June 10–12 in Singapore, potentially reigniting interest in the ecosystem.
XRP Trails Behind Bitcoin’s Rally
Bitcoin recently surged to all-time highs above $110,000, gaining over 40% since its April low of $75,000. The broader crypto market followed, with XRP rising from $1.60 to $2.60—a 62% increase—but the token has since struggled to build on that momentum.
XRP remains below its January peak of $3.40, even as Bitcoin surpassed its own previous highs. The divergence may point to weakening demand for XRP, raising concerns that it could be more vulnerable in the event of a Bitcoin pullback.
