XRP Ledger payments near 1.1 billion XRP as price bounces, U.Today reports
In brief
- XRP traded at $0.96 after dipping to $0.89, according to U.Today.
- XRP broke below $1 on November 14, its first time under that level since mid-August.
- XRP Ledger payment volume neared 1.1 billion XRP, up 139.9%, per U.Today citing on-chain data.
- Active accounts rose 154.5% to 42,300; no data provider or time window was named.
Price slips under $1, then bounces
The $1 threshold gave way on November 14, per U.Today. It's the first time XRP traded below that level since mid-August. The bounce that followed came with rising volume.
U.Today's chart read wasn't all upbeat, though. It said XRP's RSI dropped into roughly the 20 zone (a reading it described as extremely oversold), while moving averages were still diverging quickly. The outlet named $1.2 as the main recovery target and described it as a level where many investors had accumulated XRP in the past.
Ledger activity climbs
The headline number comes from on-chain activity. Citing on-chain data (it didn't name a provider or give a time window), U.Today reported payment volume of about 1.1 billion XRP on the XRP Ledger, up 139.9%. Active accounts rose 154.5% to 42,300, per the same data.
U.Today called the payment growth substantial, with a caveat.
Payments volume growth is substantial, but not record-breaking by any means.
Usage or fear?
The outlet didn't treat the numbers as a clean adoption signal. U.Today suggested that much of the ledger activity might be automated, driven by trading bots or LLM models. It also said the rising payment volume most likely reflected investor fear, with some holders moving funds to exchanges to sell. Both points were the outlet's own interpretation of the data.
The bottom line from U.Today was blunt. It said the growth in on-chain metrics hadn't given the XRP price enough support, and that the market was driven mostly by speculation rather than by network usage.
Frequently asked questions
How much did XRP Ledger activity grow, according to U.Today?
Citing unnamed on-chain data, U.Today reported that payment volume on the XRP Ledger reached about 1.1 billion XRP, up 139.9%. Active accounts rose 154.5% to 42,300. The outlet didn't name a data provider or give a time window for these figures.
Why didn't higher XRP Ledger activity lift the XRP price?
U.Today said the growth in on-chain metrics hadn't given the XRP price enough support and that the market was driven mostly by speculation. The outlet suggested much of the activity might be automated by trading bots or LLM models, and that rising payment volume most likely reflected investor fear as some holders moved funds to exchanges to sell.
