Activity on the XRP whides, a decentralized public blockchain designed for fast, cost-effective real-time transfer of XRP, Fiat currencies and other digital assets, has been considerably delayed since the first quarter.
The number of payment transactions, which represents the transfer of value from one account to another, decreased to 320,747 on the press, the lowest since October and falls considerably compared to the average of more than 1 million observed up to and including March, April and early May, according to data source, according to data source Xrpscan.
The number of active addresses also fell under 10,000, also the lowest since October. In the meantime, the number of XRP was burned as the reimbursements fell to a low point of several months of 1500 XRP, coinciding with a delay in creating new accounts. Account makers must deposit 1 xrp, which can be recovered after removing the account.
The delay follows one Impressive first quarter During which payment transactions an impressive 36% rose at a quarter to quarter, according to data followed by Messari. In the meantime, active addresses registered a growth of 142%.
Positive view
The Messari report was optimistic about the prospects of XRP Ledger, with reference to an increase in institutional acceptance due to strategic partnerships and acquisitions.
In April, Ripple, which uses the XRP whides to offer payment solutions, Hidden Road, making it the first crypto company that has and operates a global, multi-asset prime broker.
Early today, Ripple’s Enterprise-Grade RLUSD Stablecoin received the Green Light from the Dubai Financial Services Authority (DFSA), so that doors open for use at the Dubai International Financial Center (DIFC).
More announcements could hit the threads next week during Ripple’s XRP Ledger Apex 2025 event, which will take place in Singapore from 10 to 12 June.
XRP is struggling to keep pace with Bitcoin
Bitcoin, the leading cryptocurrency per market value, has recently risen to new lifelong highlights above $ 110,000, which marked more than 40% from the beginning of April near $ 75,000.
The stellar recovery also increased the wider market higher, with XRP jumping from $ 1.60 to $ 2.60, an increase of 62%, according to Coindesk data. However, the rally in payment-oriented token has been stuck since then, which means that he was registered in January around $ 3.40 when BTC set the then Lifetime peak of $ 109k.
The divergence indicates that XRP does not benefit from the new highlights of Bitcoin in the same way as earlier this year. It could be a sign of decreasing demand for XRP, which is careful, because a potential decline in Bitcoin could weigh heavily on the price of XRP.
