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XRP Ledger Posts 150% Increase in Most User-Centered Metric out There
Activity on the$XRP Ledger is rapidly increasing, and one of the biggest increases is seen in a metric that is directly related to the level of network usage. The number of transactions per closed ledger has increased by 150.2%, to about 176.33. Transactions per ledger quantifies the amount of activity the network is actually processing during each ledger cycle, in contrast to metrics that may increase just because $XRP’s market price rises.
$XRP packing up more operations
Therefore, a 150% increase means that each ledger is now packing far more operations than it did previously. This is supported by the larger XRPL data.Successful transactionsrose by an even greater 111.8% to 2.2 million, while total transactions increased by 78.9% to 2.6 million.
Payments increased by 8.9% to approximately 605,400. Additionally, user data has improved. The active-user metric surged 224% to roughly 483,600, while active accounts increased 27.7% to 17,300. Approximately 2,600 new accounts were opened, a 28% increase.
It is more difficult to write off the transaction-per-ledger spike as a singular technical anomaly in light of these numbers. Additionally, value transferredtion fees increased by 81.3%, payment volume increased by 140.8% to roughly 739.8 million $XRP. Another powerful element is activity connected to the DEX
How $XRP’s price is affected
OfferCancel operations increased 150.8% to 222,300, while OfferCreate operations increased 56.2% to roughly 965,700. This suggests much greater engagement with XRPL’s in-house trading infrastructure. The network expansion coincides with a sharp change in the price of $XRP.
$XRP quickly broke through its major moving averages and is currently trading at about $1.48. With a sharp increase in trading volume, the token has passed the long-term moving average at $1.35. The daily RSI has reached about 85.9, placing $XRP firmly in overbought territory. This is one clear short-term risk. A cooling-off period or retest becomes more likely as a result.
However, the key difference is that $XRP’s surge is happening in tandem with a quantifiable increase in ledger usage. The network data would offer much more convincing proof that the move goes beyond speculative trading if transaction density and active-user numbers remain high after the initial price breakout subsides.
Source: cryptonews.net