XRP Ledger Activity Spikes as Payment Volume Drops 89%
XRP Ledger data shows sharply conflicting trends rather than broad-based adoption growth. Transactions per ledger reportedly rose 191.3% to 191.68, while another activity measure increased 211% to about 498,200. Payments grew roughly 5% to 540,700.
However, total transactions fell 42.7% to about 771,300, successful transactions declined 31.3% to 697,300, and newly created accounts dropped 85.2% to 340. Active accounts also fell 73.1% to approximately 3,800. Most notably, XRP Ledger payment volume plunged 89.2% to around 45.2 million XRP. The separate 103% increase refers to XRP market trading volume, not payments settled on the ledger.
The figures suggest activity concentration and high volatility, rather than a network-wide expansion. RLUSD, Ripple’s stablecoin, remains a longer-term growth area on the XRP Ledger.
A more clearly positive signal is institutional demand. US spot XRP ETFs attracted $110.49 million in the week ending 28 August, the strongest weekly inflow of 2026. Cumulative inflows reached about $1.66 billion, with net assets near $1.44 billion.
XRP has cooled toward $1.35–$1.40 after a sharp August rally. Traders are watching $1.35, near the 200-day moving average, as support, while $1.45–$1.50 is the key resistance zone. ETF demand is bullish, but the mixed XRP Ledger data makes the overall near-term outlook dependent on price support and continued fund inflows.
Neutral
The market impact is best classified as neutral because the article contains both bullish and cautionary signals. Strong US spot XRP ETF inflows provide a direct demand catalyst and could support XRP prices, improve institutional confidence and strengthen the bullish narrative in the short term. The $1.35 support level is therefore important; a sustained hold could encourage traders to test the $1.45–$1.50 resistance zone.
However, the XRP Ledger activity data does not confirm broad adoption. Payment volume fell 89.2%, active accounts declined 73.1%, and total transactions also dropped. The sharp rise in transactions per ledger can occur when activity becomes concentrated in fewer ledgers or transactions, so it should not be treated as proof of network-wide growth. Similar episodes in crypto markets have often produced short-lived optimism when headline percentage increases were later offset by weaker user or settlement data.
In the short term, traders may focus more on ETF flows, XRP price support and overall market liquidity than on the conflicting ledger metrics. A break below $1.35 could weaken momentum and trigger stop-loss selling, while sustained ETF inflows and a move above $1.50 would improve the bullish setup. Longer term, continued RLUSD adoption and expanding institutional access could support the XRP ecosystem, but the current evidence is not strong enough to justify a clearly bullish classification.