Daily XRP Transactions Spike 1,717% to New 6-Month Peak

Daily XRP transactions have climbed to a new six-month high above 3.7 million, showing a recovery in network activity despite the continued price decline. 

The increase comes as XRP struggles to regain lost ground in October amid growing pressure across the broader crypto market.

XRP Price Drops 13% in October

XRP has faced strong selling pressure in October after recording gains between July and September. The cryptocurrency rose from $1.0385 at the beginning of July to $1.4894 at the end of September, gaining 43.4% over the three-month period.

However, XRP has given back some of those gains this month. The crypto asset has fallen approximately 13% in October and now trades at $1.2958, with buyers and sellers battling around the $1.28 to $1.30 range.

The decline followed hotter-than-expected U.S. Consumer Price Index (CPI) data and came amid a broader cryptocurrency market downturn. While these developments have weighed on XRP’s price, on-chain data shows that activity across the XRP Ledger (XRPL) has started to recover.

XRP Transactions Surge 1,717% to a Six-Month High

Data on daily XRP transactions shows that network activity rose on Oct. 25, when the XRP Ledger recorded 3,718,664 transactions. This marked the highest daily reading in six months and the first time the figure had crossed 3.7 million since April 8, 2026.

The latest reading also represented a 1,717% increase from the previous day. However, this sharp rise came after daily XRP transactions plunged to just 204,582 on Oct. 24. 

The unusually low figure provided a much smaller base for comparison and contributed to the dramatic percentage increase recorded the following day.

Daily XRP Transactions Recover After October Decline

The recent increase followed a gradual recovery that began after daily XRP transactions fell to approximately 1.8 million on Oct. 11. Network activity then improved, reaching 2.67 million transactions by Oct. 18.

The recovery continued over the next two days, with daily XRP transactions climbing to approximately 3.69 million on Oct. 20. However, activity began to decline afterward, with the daily count falling to 3.2 million on October 22.

The decline picked up on Oct. 24, when the figure dropped to just 204,582 before rebounding to 3,718,664 on Oct. 25. Despite these fluctuations, the latest reading remains well above the recent average.

Specifically, the 3.7 million transactions recorded on Oct. 25 exceeded the 30-day daily average of 2.5 million by approximately 48%. However, the network still has considerable ground to cover before matching its record of 6.9 million transactions in December 2023.

Other XRPL Metrics Show Rising Network Activity

Daily XRP transactions are not the only measure showing an increase in network activity. Daily successful transactions also climbed to approximately 3.2 million on Oct. 25, marking a new six-month high.

Transactions per ledger have also increased. The metric reached 223 on Oct. 24, its highest level in six months, before declining to 176.57 on Oct. 25. Despite the drop, the figures suggest that transaction activity across the XRP Ledger has strengthened in recent weeks.

Daily payments were the only highlighted network activity metric to decline on Oct. 25, falling to 567,438. However, this figure still represented a 2,315% increase over the previous 24 hours.