Activity on the XRP Ledger has taken a significant nosedive as of June 2025, with payment transactions plummeting to a mere 320,747. This marks the lowest level of activity since October last year—a stark contrast to the vibrant figures seen in the earlier months of 2025. The downturn comes as XRP struggles to keep pace with Bitcoin’s meteoric rise, raising eyebrows across the crypto community.
A Stark Decline in Activity
The XRP Ledger, renowned for its swift and cost-effective transactions, has witnessed a sharp decrease in activity. The number of active addresses has fallen below the 10,000 mark, reminiscent of last October’s figures. This downward trend coincides with a significant drop in the number of XRP burned as fees, now at 1,500 XRP—the lowest in months. Such metrics suggest a slowdown in user engagement, possibly a result of reduced new account creation.
Interestingly, this lull follows a robust first quarter where XRP payment transactions surged by an impressive 36% quarter-on-quarter, according to Messari. Active addresses also saw a whopping 142% growth during this period. However, the current stagnation paints a less optimistic picture, leaving many to ponder the reasons behind this abrupt change.
Ripple’s Strategic Moves
Despite the Ledger’s sluggish performance, Ripple, the company behind XRP, has been making strategic strides. Ripple’s acquisition of Hidden Road in April marked a significant step, making it the first crypto company to own a global, multi-asset prime broker. Moreover, Ripple’s RLUSD stablecoin recently received approval from the Dubai Financial Services Authority, paving the way for its use in the Dubai International Financial Centre. These moves are part of Ripple’s broader strategy to boost institutional adoption through key partnerships and acquisitions. As explored in Ripple Offered $4B-$5B for Stablecoin Issuer Circle, Ripple’s strategic acquisitions are crucial to its expansion plans.
Looking ahead, the upcoming XRP Ledger Apex 2025 event in Singapore, scheduled from June 10 to 12, could usher in new developments. Industry watchers are keen to see if Ripple will unveil any groundbreaking announcements that might reignite interest in the XRP Ledger.
The Bitcoin Factor
On the flip side, Bitcoin has been basking in its glory days, having recently shattered records with a price surge past $110,000. This phenomenal rise has buoyed the entire crypto market, with XRP experiencing a price jump from $1.60 to $2.60. Yet, despite this impressive rally, XRP remains unable to match its January highs of around $3.40, when Bitcoin was flirting with its own peak of $109K.
The disparity between Bitcoin’s ascendancy and XRP’s relatively subdued performance suggests a potential shift in market sentiment. As per crypto analyst David Lee, “The divergence indicates that XRP isn’t reaping the benefits of Bitcoin’s highs as it once did. This could signal waning demand for XRP.” Such a trend, if persistent, might spell trouble for XRP, especially if Bitcoin experiences a downturn. This aligns with broader trends in the crypto space, where Crypto token failures soar, with 1 in 4 launched since 2021 dying in Q1, highlighting the challenges faced by many digital assets.
Looking Forward
The juxtaposition of XRP’s current stagnation against Bitcoin’s exuberance raises pertinent questions about XRP’s future trajectory. While Ripple’s strategic efforts aim to bolster XRP’s institutional use, the Ledger’s declining activity could pose challenges. As the crypto world watches the developments from the upcoming Singapore event and beyond, market participants are left contemplating whether XRP can overcome its current hurdles and reclaim its momentum.
In the ever-volatile crypto landscape, the coming months will be crucial for XRP. Whether it can leverage Ripple’s strategic initiatives to regain traction remains to be seen. But for now, caution prevails, as the market awaits its next move.
Source
This article is based on: XRP Ledger Payments Count Falls to Lowest Since October as XRP Fails to Keep With Bitcoin
Further Reading
Deepen your understanding with these related articles:
- Visa and Baanx Launch USDC Stablecoin Payment Cards
- U.S. Congress Braces for Intense Debate Over Crypto Legislation This Summer (openai)
- Crypto Coalition Tells SEC Staking Is ‘Essential Good,’ Not a Security
Steve Gregory is a lawyer in the United States who specializes in licensing for cryptocurrency companies and products. Steve began his career as an attorney in 2015 but made the switch to working in cryptocurrency full time shortly after joining the original team at Gemini Trust Company, an early cryptocurrency exchange based in New York City. Steve then joined CEX.io and was able to launch their regulated US-based cryptocurrency. Steve then went on to become the CEO at currency.com when he ran for four years and was able to lead currency.com to being fully acquired in 2025.
