XRP Ledger payment volume plunges 72% to 119.5 million, price tests support

Activity on the XRP Ledger, the decentralized blockchain known for facilitating fast and inexpensive cross-border payments, experienced a sharp downturn as payment volume, which tracks XRP transfers between accounts, dropped to 119.5 million XRP on October 17. This figure represents a 72.3% decline compared to the previous day and marks one of the lowest daily readings on record, far below the 30-day average of 629.3 million XRP. For perspective, the all-time high in daily payments reached 7 billion XRP. Data for October 18 continues to show weakness, with payment volumes near 37.5 million XRP so far—down another 68.6%. This number may rise before day’s end, but remains far below typical activity levels.

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