Ripple CTO David Schwartz has highlighted transaction activity and liquidity as crucial indicators of XRP Ledger's adoption, rather than focusing solely on price movements. The XRP Ledger has processed over four billion transactions, offering fast and cost-effective solutions. Additionally, retail wallet growth has surged, with 500,000 new addresses created. Institutional usage and robust liquidity are reinforcing XRP's position in financial infrastructure, with network activity remaining a central focus amid changing market sentiments.