The XRP Ledger has surpassed 1 million daily transactions, signaling a potential recovery in network activity after a slowdown earlier in May. This rebound from the 700,000 transaction range suggests that the network maintains an active user base and liquidity flow, despite broader market consolidation and uneven crypto momentum.
While XRP continues to trade near the $1.30 support level, the increase in transaction volume provides a positive on-chain signal for holders. However, XRP's price remains constrained by overhead moving averages and muted momentum indicators, reflecting a cautious technical outlook. Sustained transaction activity above 1 million could be crucial for a stronger recovery, especially if broader market conditions improve.
XRP Ledger Transactions Exceed 1 Million, Indicating Network Resilience
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