Ripple Network Sees 60% Spike in Transaction Volume

The Ripple (XRP) network has seen a significant surge in transaction volume over the past 24 hours, with a 60% increase in activity.

According to data, the average number of transactions per second on the Ledger has risen to 128.4, surpassing the 30-day average of 109.88.

The increased activity is attributed to heightened movement within the network, driven by payment and transfer operations as well as decentralized exchange (DEX) transactions.

While the rise in transaction volume may have an impact on the price of XRP, the direction remains uncertain at this time.