XRP Ledger Hits 650k Payments: Next Target in Sight

The XRP Ledger has reached a significant milestone, surpassing 650,000 payments. This growth is part of a broader trend, with successful transactions increasing by 82.4% to 1.6 million and overall transactions rising by 59.7% to approximately 2 million.

While the number of payments has increased, the payment volume has decreased by 60.8% to about 443.1 million XRP, indicating that individual transfers are becoming smaller. However, this does not necessarily mean a decrease in capital flowing through XRPL.

The price of XRP is currently trading near $1.36, testing the 200-day moving average at $1.35. Holding above this level would maintain a larger bullish reversal structure and potentially allow for another attempt at $1.45-$1.50.