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▲ XRP/AI generated image
XRP is showing signs of a rebound, with network activity exploding even as its price remains stagnant.
According to crypto media outlet The Crypto Basic on April 10 (local time), the daily transaction count on the XRP Ledger surpassed 5.2 million, marking its highest level since late 2023. On-chain analytics firm Santiment analyzed that this surge in transactions occurred intensively during specific time slots, forming strong liquidity flows within the network. Transaction volumes several times higher than usual are interpreted not as a simple temporary increase but as a signal of structural change.
The surge in transactions directly impacts XRP's supply structure. This is because XRP is burned in the form of fees with each transaction, reducing the circulating supply. An increase in transaction volume thus leads to enhanced scarcity. The market is focusing on the possibility that this increase in activity is driven by real-world usage, such as expanding NFT transactions or institutional fund movements, rather than short-term speculative demand.
In contrast, the price remains stuck in a box range between $1.30 and $1.40. This trend contrasts with the past, where a surge in transaction volume immediately led to price volatility. This suggests that current network activity is focused on internal settlements or practical use rather than directly translating into buying pressure.
Experts believe that this discrepancy could actually be a positive sign. This is because regulatory environment changes, such as Ripple's strengthening institutional position and the CLARITY Act in the US crypto market, are forming a long-term demand base. The entry of major financial institutions, including Morgan Stanley, into the virtual asset market is also stimulating demand for XRP Ledger-based enterprise solutions.
Through this record, the XRP Ledger has once again proven its network scalability and processing capabilities. In an unusual situation where prices are stagnant but internal activity is rapidly increasing, the market is focusing on the possibility of increased volatility in the future. Investors are adjusting their strategies, viewing the breakthrough of the $1.40 resistance level and the sustainability of transaction volume as key variables.
*Disclaimer: This article is for investment reference only, and we are not responsible for any investment losses based on it. The content should be interpreted for informational purposes only.*
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