XRP Ledger Records 500% Surge in On-Chain Transactions
The XRP Ledger (XRPL) has seen a 500% increase in on-chain transactions, with payment volumes reaching record levels. On August 18, 2025, the network processed over 844 million tokens, significantly higher than the previous day's 159 million.
XRP On-Chain Activity Highlights
- XRP recorded one of its highest transaction spikes this year.
- August's activity surpassed July's peak of 1.41 billion payments on the 21st.
- Increased transactions may indicate growing adoption and demand.
Despite the surge in transactions, XRP's price dropped about 10% to $2.89 due to whale sell-offs and market volatility. In ten days, 470 million XRP were sold, contributing to selling pressure, particularly as large transfers moved to Binance.
Price Decline Factors
- Whale activities have led to increased selling pressure.
- Potential support levels are between $2.70 and $2.50.
- Continued downward pressure may result in further price weakness.
