XRP: 500 Million Threshold Lost, What About Price?

  • Officially, XRP has fallen below the 500 million payment volume threshold, a crucial on-chain metric that has long been used as a benchmark for activity and psychology throughout XRP Ledger. According to recent network data on May 17, XRP's transaction volume fell to 490 million, indicating a significant slowdown in network activity that might indicate waning momentum or just short-term consolidation.