XRP Tumbles from 100M Payments Elite – Here’s Why It Got Booted
XRP just got its membership revoked from crypto's most exclusive club.
The once-dominant payment token slipped below the 100 million transaction threshold—a staggering fall from grace for Ripple's flagship asset. Market volatility crushed its utility, regulatory uncertainty choked adoption, and let's be honest—competing networks simply outmaneuvered it.
Competition? Brutal. Newer blockchains process transactions faster and cheaper, leaving XRP looking like legacy tech at a startup party. Meanwhile, Ripple's ongoing SEC drama makes institutional clients nervous—nobody wants to build on a foundation that might get sued out of existence.
And the real kicker? Traditional finance barely blinked. Banks kept moving money the old-fashioned way while crypto enthusiasts flocked to flashier alternatives. Maybe next time don't bet the farm on a 'bridge asset' that can't decide if it's a security or a currency.
XRP's downfall proves one thing: in crypto, today's darling becomes tomorrow's cautionary tale faster than you can say 'bull market'.
The XRP Ledger has lost one of its biggest signals of strength.
Daily payment volumes, which often held steady above 200-300 million XRP and sometimes touched 2 billion, have now dropped sharply to 114.07 million XRP in the last 24 hours. For a network built around payments rather than DeFi or NFTs, this slide raises tough questions about demand and market confidence.
Payment Volumes Show Cracks in Utility
The XRP Ledger was designed to power fast, low-cost cross-border transactions at scale. For years, Ripple has promoted this as a key advantage over other blockchains. But falling transaction volumes suggest real-world adoption isn’t keeping pace with the company’s vision.
Ripple CEO Brad Garlinghouse insists XRPL remains “a decentralized, battle-tested, open-source blockchain designed to function at scale,” but these numbers are now challenging that narrative.
XRP Price Steady, But Momentum Weak
XRP is trading around $2.97, stuck between resistance at $3.10 and support NEAR $2.92 at the 50-day EMA. The RSI sits at 55, showing neutral momentum. But price stability without growth in network activity is a warning sign for traders.
Any rally without a rebound in on-chain demand may struggle to hold.
Binance Reserves Surge, TVL Drops
Market data points to other signs. Binance now holds a record 3.57 billion XRP, up by 670 million since September began. That kind of accumulation on exchanges is often linked to selling pressure.
Total value locked on XRPL has also slipped from $120M to $98M, while DEX activity hit its lowest level since April. And Google Trends data shows interest in “Ripple (XRP)” has collapsed from a score of 100 to just 19 in two months.
A Critical Moment for XRP
Ripple continues to position itself as a leader in global payments, building solutions for cross-border transfers, stablecoins, and custody services. But the latest on-chain numbers tell a different story.
With regulatory pressure from the SEC still clouding sentiment, and key adoption metrics falling, XRP is at a crossroads. The asset may need more than price rallies to prove its place in the market.
