Payment Transactions on XRP Ledger Account for 53% of Network Activity, Will XRP Price Surge?

CryptoNewsLand
XRP3,64%
BTC-0,07%
DEFI-6,04%
TARA7,39%
  • Payment transactions on XRP Ledger for 53% of network activity.

  • Analysts hope for the success of the network to reflect on the XRP token.

  • Will the price of XRP surge in the coming days?

The crypto community continues to hold on to strong hope that the prices of crypto assets will surge this year, before the expected bear market dip takes over. So far this bull cycle, altseason has not played out, meaning promising altcoins have not hit new ATH prices. At the moment, payment transactions on XRP Ledger account for 53% of network activity. Can the price of XRP surge this year?

Payment Transactions on XRP Ledger Account got 53% of Network Activity

Ripple’s native token XRP was hyped since its debut, the network had cross-country visions of using XRP to replace the traditional SWIFT system to move trillions in a matter of seconds for nearly no transactional fees. Since then, the firm has experienced a number of challenges, the biggest being its nearly 8-year long battle with the SEC, a battle that ended in favor of Ripple and XRP.

Despite its victory, XRP faced the harsh reality of missing two bull cycles, one that led to hindered growth, and another that only led to falling prices. The current bull cycle was expected to be a major comeback for the price of XRP, where the asset was expected to surge exponentially and reclaim its previous ATH price. However, this has yet to happen, yet it saw two parabolic surges, but is still struggling to reclaim its previous ATH record.

📈ANALYSIS: 53% OF TRANSACTIONS ON $XRP LEDGER ARE FOCUSED ON PAYMENTS

A fresh analysis of 5,000 $XRPL blocks, roughly four hours of network activity, found that 53.2% of over one million sampled transactions were payment-related, with $RLUSD accounting for 92,699 transfers and… pic.twitter.com/0ZQzi3m2mO

— BSCN (@BSCNews) March 23, 2026

Despite this, Ripple has gone on to evolve since its debut and has cemented a number of bullish partnerships, making it a solid figure in the space. This, paired with the fact that it is one of the only few crypto assets that is approved with regulatory clarity, makes it a highly bullish asset to accumulate and hold. As we can see from the post above, additional successes only make the asset all the more bullish. The latest analysis of 5,000 XRPL blocks confirms that 53% of transactions on XRP Ledger are focused on payments.

This means that roughly four hours of network activity found that 53.2% of over one million sampled transactions were payment-related, with RLUSD accounting for 92,699 transfers and emerging as the dominant stablecoin on the network. Furthermore, DEX activity via OfferCreate transactions ranked second at 34.2%, underscoring growing DeFi usage alongside payments. The data drops as Ripple Payments separately crossed $100 billion in total volume, and RLUSD surpassed $1 billion in market cap.

Can The Price of XRP Surge This Year

OK, so here’s the plan for #XRP

Just like on #Bitcoin we’re watching for a Wave 2/5 retrace targeting the .618 resistance at $1.51 (+1:1).

Remember, this correction COULD trap a lot of bulls and is a BEARISH retrace. We know what wave could come next! Wave 3 has targets as… pic.twitter.com/lZCRwW5E4q

— TARA (@PrecisionTrade3) March 23, 2026

As we can see from the post above, this reputed altcoin and XRP analyst explains what’s next for the price of XRP. She says that just like with Bitcoin, we are watching for a Wave 2/5 retrace targeting the .618 resistance at $1.51 (+1:1). She also notes how this correction could trap a lot of bulls and is a bearish retrace. Going forth, Wave 3 has targets as low as a double bottom at $1.12 and then still likely and valid is that $0.87 at the macro support. Thus, XRP could also experience a dip before a rise, as many expect for Bitcoin.

Disclaimer: The information on this page may come from third parties and does not represent the views or opinions of Gate. The content displayed on this page is for reference only and does not constitute any financial, investment, or legal advice. Gate does not guarantee the accuracy or completeness of the information and shall not be liable for any losses arising from the use of this information. Virtual asset investments carry high risks and are subject to significant price volatility. You may lose all of your invested principal. Please fully understand the relevant risks and make prudent decisions based on your own financial situation and risk tolerance. For details, please refer to Disclaimer.

Gerelateerde artikelen

XRP Trading Volume Surges to $1.81B in Single Session, Holds Above $1.43

XRP trading volume reached $1.81 billion, driven by futures at $1.47 billion and spot trading at $341 million. Currently priced at $1.43, XRP is above the 200-day EMA, signaling bullish momentum and increased market participation.

GateNews3u geleden

Exodus Wallet Adds Native XRP Ledger Integration and RLUSD Support

Exodus Wallet has integrated native XRP Ledger features, allowing users to manage XRP and Ripple's RLUSD stablecoin directly within the app. This upgrade enhances self-custody options and supports the growing market for RLUSD, which has recently been adopted as futures collateral.

CryptoFrontier3u geleden

XRP Consolidation Signals Reset as Bullish Setup Emerges

XRP has recently rebounded to $1.39 after trading between $1.20 and $1.40 due to improved market sentiment. A significant drop in futures open interest reflects reduced speculation, while technical indicators suggest a potential bullish breakout, targeting $1.50 and possibly $1.80.

CryptoNewsLand4u geleden

XRP Eyes Breakout as US Congress Revisits CLARITY Act

Key Insights: XRP price faces a decisive week as the US Congress debates the CLARITY Act, with legislative progress likely to influence short-term market direction significantly. Technical indicators highlight a potential breakout above $1.36, while mixed momentum signals suggest

CryptoNewsLand5u geleden

Exodus Wallet Expands XRP Ledger Support Through Ripple Partnership, Adds RLUSD

Exodus Movement announced a partnership with Ripple to enhance support for the XRP Ledger in its crypto wallet, allowing users to manage Ripple USD and send XRP assets seamlessly.

GateNews8u geleden
Opmerking
0/400
Geen opmerkingen