Transaction Volume on XRP Ledger Increased by 150%, Active User Count Rose by 224%

The transaction volume on the XRP Ledger network increased by 150.2%, reaching a level of 176.33. The number of successful transactions rose by 111.8% to 2.2 million, while the total transaction volume increased by 78.9% to 2.6 million. The active user count surged by 224% to 483,600, and the number of active accounts rose by 27.7% to 17,300. The number of newly opened accounts increased by approximately 28% to around 2,600. The amount of XRP burned due to transaction fees rose by 81.3%, while the payment volume increased by 140.8%, reaching approximately 739.8 million XRP. There was also activity on the DEX side; OfferCancel transactions increased by 150.8% to 222,300, while OfferCreate transactions rose by 56.2% to approximately 965,700. The price of XRP traded around $1.48, surpassing significant moving averages. However, the daily RSI indicator reached approximately 85.9, indicating an overbought condition in the short term. The increase in transaction volume and active user count raises questions about the sustainability of the price rise.

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