XRP Ledger payment activity has also strengthened notably during the latest stretch of the market downturn. The number of payments from one account to another climbed from below the 1 million count earlier in the week to 1.22 million payments by May 22.
The rise was not limited to transaction count alone. XRP payment volume also increased from levels near 200 million XRP around May 16 and May 17 to more than 400 million XRP by May 18.
The figure stayed elevated through the following days and was still above the 400 million XRP region by May 22. That means more payments were being processed, and a larger amount of XRP was also moving between accounts.
ETF Inflows Add A Different Kind Of VolumeFeatured image from Pixabay, chart from TradingView
