Why Questions Are Being Raised about The XRP Ledger’s 300,000 Milestone
A recent surge in XRP Ledger (XRPL) payment counts has caught the attention of the broader crypto market, raising questions about what could be driving this massive rally. The latest milestone comes after XRP saw renewed whale accumulation even as prices continued to trend downward amid rising volatility. XRP Ledger Records Mysterious Surge In Payment Count Data from XRP’s leading blockchain explorer, XRPScan, shows that on May 19, the number of XRP payments from one account to another was sitting around just 766,051. However, over the next few days, the payment count rose sharply, surpassing 1.22 million on May 22, representing a more than 300,000 increase in users. Related Reading: Market Expert Updates XRP Roadmap To $300 With New Data Before this surge, the payment count from one account to another consistently ranged between 700,000 and 800,000, making the latest rally a bit unnatural. Interestingly, XRP Ledger payment volume during the same period saw only a modest change. On M