XRP Ledger Activity Surges Amid Key Support Hold

XRP Ledger activity has seen a significant surge, with transactions per ledger increasing by 187.9%. This marks another bullish signal for XRP's recent price recovery. The token is currently trading above $1.35, its key long-term support level.

The increase in transactions per ledger comes as the number of closed ledgers dropped sharply by 74.4% to approximately 5,300. This decline helps explain why each ledger can contain significantly more transactions.

While total transactions fell 26.4% to about 994,000, and successful transactions declined 16.3% to roughly 914,100, the mixed network statistics are somewhat offset by the rising transaction density and payment counts. Payment value also dropped 82.2% to around 70.8 million XRP.

XRP's price structure remains stronger than it was earlier this month, with a momentum that has cooled down. The token is trading around $1.41 after reaching approximately $1.70 during its recent breakout. Holding onto the key support zone between $1.35 and $1.40 could preserve XRP's broader breakout structure.