24m ago
XRP Ledger Activity Plunges 99% As Weekend Volumes Dry Up But Price Holds Above $2
Over the weekend, on-chain data from XRPScans showed that transaction activity on Ripple's XRP Ledger dropped by about 99% within 48 hours, with payment volume between accounts sliding from over 1.09 billion on Thursday, January 8, to 166.99 million on Saturday and then to around 137.40 million by January 11. Despite this steep fall in usage and a parallel decline in executed transactions, XRP is still trading above $2, while developers report that a large batch of ledger fixes and amendments covering features like TokenEscrow, AMMClawback, Multi-Purpose Tokens and a Price Oracle is nearing activation.