XRP Ledger Payments Count Falls to Lowest Since October as XRP Fails to Keep With Bitcoin
XRP Ledger (XRPL) activity has significantly decreased since Q1 2025. Key metrics like payment transactions and active addresses have fallen to their lowest levels since October, a sharp decline from the high levels seen in March, April, and early May. XRPScan data reveals a drop in payment transactions to 320,747, far below the previous average of over 1 million. Similarly, active addresses have dipped below 10,000. Even XRP burned as fees has reached a multi-month low of 1,500 XRP, correlating with reduced new account creation. This slowdown contrasts sharply with the impressive Q1 growth, showing a 36% quarter-over-quarter surge in payment transactions and a 142% increase in active addresses, according to Messari.
Despite this recent downturn, the outlook for XRPL remains positive, driven by increased institutional adoption. Messari’s report highlights strategic partnerships and acquisitions as key drivers of this adoption. Ripple’s recent activities underscore this trend. In April, Ripple acquired Hidden Road, establishing itself as the first crypto company to operate a global, multi-asset prime broker. Furthermore, Ripple’s RLUSD stablecoin received approval from the Dubai Financial Services Authority (DFSA), enabling its use within the Dubai International Financial Centre (DIFC). Further announcements are anticipated at Ripple’s XRP Ledger Apex 2025 event in Singapore (June 10-12).
While Bitcoin’s recent surge to new all-time highs above $110,000 boosted XRP’s price from $1.60 to $2.60 (a 62% increase), this rally has since stalled. XRP’s failure to maintain pace with Bitcoin’s rise, falling short of its January peak of around $3.40, suggests a potential weakening in XRP demand. This divergence is cause for caution, as a Bitcoin downturn could negatively impact XRP’s price. The significant drop in XRPL activity, coupled with XRP’s price decoupling from Bitcoin, indicates a need for careful monitoring of market trends and future developments.
