XRP Ledger Payment Volume Soars 2,633%: What's the Drive?

XRP is still struggling to recover from the ongoing market volatility, but its payment activity is seeing a significant boost as participation from traders resurges. Latest onchain data from XRPScan shows a sharp resurgence in payment volume on the XRP Ledger, as the amount of XRP transferred between accounts rose significantly on October 25 after a major drop in activity the previous day. While the data has drawn attention from market analysts, especially for its timing, it shows that the XRP Ledger recorded up to 37.72 million XRP in payment volume over the last day. This shows that the XRP payment volume has surged by a massive 2,633.3% from the 5.04 million XRP recorded the previous day.

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