XRP Transactions Plummet 45% During Crypto Market Downturn: Navigating the Volatile Landscape

XRP's On-Chain Activity Declines Amidst Broader Crypto Market Pressures

The crypto market has been navigating a challenging period, and XRP has not been immune to these pressures. Data from XRPSCAN reveals that XRP's on-chain payment volume has declined significantly over the last month, dropping from $538,949,662 on May 2, 2025, to just $295,104,737 as of June 2, 2025 – a decrease of around 45%.

This negative trajectory in XRP's on-chain performance mirrors the broader trends observed across the crypto market, which has been grappling with macroeconomic distress. Despite this plunge in payment volume, XRP's price has remained relatively stable, hovering around $2.17 after experiencing a drop as low as $2.10 from a recent high of $2.40.

The decline in XRP's on-chain activity has triggered concerns among investors, as it suggests a reduction in institutional activity and demand for the asset. However, investors remain optimistic about XRP's future prospects, given Ripple's regulatory clarity with the U.S. SEC and the impending launch of its ETF.

Nonetheless, the poor on-chain performance has left market participants wondering whether the recent price dip is a precursor to a more significant breakout, as XRP has long positioned itself as a high-efficiency payment network. There are also speculations that this could signal an emerging bear market, as the bullish momentum appears to be slowing down.

• XRP's on-chain payment volume has declined by around 45% over the last month
• The drop in on-chain activity mirrors the broader trends in the crypto market
• Investors remain optimistic about XRP's future prospects, despite the decline
• Concerns have been raised about the reasons behind the negative on-chain performance
• Speculation that the price dip could be a precursor to a major breakout or a bear market