The XRP LEDGER (XRPL) has just lived its busiest week ever recorded, dealing with more than 5.1 million transactions on June 15.
Unlike other networks which often rest on automated activity to increase numbers, this wave seems to come from real demand from users.
XRP Ledger continues to scale up
According to the blockchain analyst, Ripple Van Winkle, users were actively involved in activities such as NFT laying, asset transfers and decentralized trade, all contributing to the tip in volume.
He noted that XRPL had managed the pressure without disruption, keeping the low transaction costs and in stable performance throughout the day.
This event is distinguished due to the high volume and network resilience. According to Van Winkle, XRPL has not recorded any delay, no peak in transaction costs and no system deformation ratio.
Meanwhile, user participation through the network also seems to increase.
Ripplexity, citing Glassnode data, reported that XRP portfolio records have exceeded 7.1 million, while the number of wallets holding more than a million XRP has reached a new higher 2,700.
Market observers have said that these figures report that interest in XRP remains solid even if prices are late. According to them, it is a sign that the protocol is ready to support high volume adoption without the need for emergency interventions.
“This consistency is important as the crypto matures. The institutions want boring reliability, not flashy experiences. XRPL is starting to look like the CTP / IP of Crypto – invisible, stable, critical,” said Van Winkle.
XRP investors are taking advantage as Altcoin price slides
Despite increasing use on the network, the price of XRP continues to cope with the pressure.
According to Beincryptto data, the token is negotiated about $ 2.07, down approximately 3% in the last 24 hours and almost 15% this month.
Although these drops have frustrated some investors, others saw it as an opportunity to lock the gains. In particular, Glassnode data show that long -term holders have started to make profits.
According to the blockchain analytical platform, XRP holders made an average of $ 68.8 million in daily earnings in early June.
Glassnode explained that many of these outings are said to be buyers who entered the XRP rally at the end of 2024, when prices jumped and culminated at $ 3.36 in January. Now, with the token over 36% since the start of the year, some whales seem to sell.
“XRP is traded above $ 2, more than 3 times higher than its basic price before the net rally in November 2024. Investors who accumulated earlier are seated on more than 300%,” said Glassnode.
Although this can reflect strategic profit, this also highlights the wider challenge of converting solid fundamentals in a sustained increase.
However, some analysts believe that XRP can still find a second wind once the current wave of profit is disappeared. They also highlight the growing interest in XRPL, especially since Stablecoin projects like the USDC and US Treasury Bonnes in Tokenized are starting to start on the network.
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