XRP Ledger's transaction volume is surging even as active accounts and payments shrink, a split that points to automated or application-driven activity rather than new users. The divergence comes as XRP's price pulled back to $1.48 after touching $1.70, with analysts now split between a further breakout and a double-digit pullback.
Ledger activity splits in two directions
XRP Ledger is showing an odd divergence: transaction throughput and the number of active users are rising while several traditional activity indicators are falling. Newly created accounts decreased 25.9% to about 1,500, and active accounts fell by the same 25.9% to about 10,900. Payments also dropped 31.6% to roughly 440,000, indicating regular XRP payment transfers are not driving the activity increase.
Yet overall transaction flow moved the opposite way. Successful transactions climbed 65.5% to 1.9 million. XRPL processed roughly 2.1 million transactions, a 38.5% increase. Active users, the most unusual figure, rose 166.5% to about 489,500 despite the drop in active accounts, suggesting existing infrastructure or automated processes are producing more ledger interactions rather than new persistent users joining the network.
Ledgers closed also fell 34% to about 13,500, which can mechanically concentrate more transactions per ledger. The ledger interval rose only 1.3% to 3.9 seconds. Value transfer, however, tells a quieter story: payment volume fell 19.5% to about 251.3 million XRP as transaction fees dropped 22%.
Price retreats from $1.70 peak
XRP's on-chain shift comes alongside a sharp price swing. After rising from about $1.00, XRP broke above its major moving averages and reached as high as $1.70 before falling to $1.48, with trading volume increasing significantly during the breakout.
The token has rocketed almost 50% on a weekly scale. It now trades at roughly $1.50, with a market capitalization of over $93 billion, according to CoinGecko. It briefly flipped BNB to become the fourth-biggest digital asset before returning to fifth.
Analysts split on next move
The rally has split analysts between further upside and a correction. X user CW pointed to an ascending channel and a golden cross between the EMA lines of the RSI indicator, saying "a bullish rally has begun."
X user Diana was more cautious, noting XRP's RSI has dropped from extreme overbought territory, a sign momentum is cooling without erasing the move. She believes holding the $1.42-$1.30 range could lead to a further surge to $1.70, but losing $1.42 might trigger a pullback below $1.30. Institutional flows still favor the bulls: spot XRP ETFs posted their best week since May, with the last red day on August 5.
Sources: U.Today, CryptoPotato
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