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XRP transactions fall to a 1-month low

XRP transactions fall to a 1-month low
Jordan Major
Jordan Major
Cryptocurrency

The total number of XRP transactions has fallen to its lowest level in nearly a month, even as the token’s price and trading volume continue to rise.

According to data retrieved by Finbold from XRPScan via the XRP Ledger Metrics tool, XRP recorded 1,501,292 transactions on Sunday, July 6. That marks the lowest daily count since June 10, which saw 1,498,473 transactions.

XRP transactions executed. Source: XRPscan/Highcharts

Despite the overall decline, the number of successful XRP transactions also fell to near one-month lows. The network processed 1,226,441 successful transactions on Sunday, just above the 1,222,946 recorded on June 12.

XRP trading analysis

Meanwhile, XRP trading volume surged, with 24-hour volume climbing 49.4% to $3.11 billion. Of that, $3.105 billion was handled on centralized exchanges (CEX), while decentralized exchange (DEX) volume surpassed $2 million.

XRP’s price has also seen gains, rising 1.91% on the day to $2.31. Over the past month, the token has climbed 5.94%, continuing its broader uptrend amid renewed optimism around Ripple’s banking license application and ETF potential.

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