XRP Ledger payments jump 2,633% in three days but quickly retreat below monthly average

Recent days have seen a dramatic surge and subsequent decline in transaction activity on the XRP Ledger, the public blockchain network underlying the XRP cryptocurrency. According to data from XRPScan, daily payment volume on the ledger soared by 2,633% on October 25, followed by a doubling on October 26 and a further increase of 32.8% on October 27. The flurry of activity proved short-lived, as total daily volume dropped 45.1% on October 28, settling at approximately 200.8 million XRP. On October 25, the XRP Ledger processed roughly 137.7 million XRP. This figure climbed to 275.5 million the following day and nearly 366 million on October 27, marking a rapid three-day ascent in on-chain payments.

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