The number of transactions on the XRP network has surged dramatically over the past year, yet the token’s price hasn’t followed the same upward trend. Despite daily activity nearly tripling on the XRP Ledger, market prices remain relatively subdued, leaving many investors wondering why strong network growth hasn’t translated into price gains.
Data from the XRP Ledger, tracked through XRPScan, reveals a major increase in daily transactions. In February 2026, the network averaged about 1.3 million transactions per day, a sharp rise compared with roughly 800,000 daily transactions recorded in May 2025. Over the past year, daily activity has at times climbed from around 1 million to nearly 3 million transactions, signaling significant growth in network usage.
Even with this surge in activity, XRP’s market performance has been relatively muted. The cryptocurrency recently traded at $1.39, with a 24-hour trading range between $1.39 and $1.45. Over the past day, the token slipped 2.4%, while its yearly performance shows a decline of about 39.3%.
This gap between rising network activity and stagnant price movement has caught the attention of market analysts. Many believe the surge in transactions is not being driven by retail trading or speculation but by real financial activity happening on-chain.
A post from the community account XRP Brasil on X highlighted the rapid growth, noting that daily transactions jumped from around 1 million to nearly 3 million within a year. According to the account, the data points to genuine adoption rather than short-term hype. While traders focus on price charts, the network is quietly handling real-world financial operations behind the scenes.
Several analysts agree that the increase in activity reflects expanding institutional and financial use cases. Crypto analyst PassingAnt identified three main drivers behind the growing transaction volume: real-world asset (RWA) settlement, tokenized assets, and institutional payment rails. These types of transactions typically indicate deeper integration of blockchain technology into financial systems rather than speculative trading by everyday investors.
Historical data shows that the network experienced a temporary slowdown before the recent surge. September 2025 marked the lowest activity level, with about 700,000 daily transactions. From there, usage steadily climbed, reaching 1.05 million daily transactions in January 2026 and then 1.3 million in February 2026.
Interestingly, this growth happened while XRP’s price remained largely stuck between $1.30 and $1.50 for much of the same period.
In the short term, however, the token has shown some signs of recovery. XRP recorded gains of 2.0% over the past seven days, 8.5% over 14 days, and 1.1% over 30 days.
Still, the broader picture reflects the downturn across the crypto market following the peak of Bitcoin in October 2025 and the correction that followed.
Market analyst Maxi recently noted that XRP briefly broke through certain resistance levels but has yet to confirm a sustained breakout with a daily closing price above them. He described the latest movements as potential “fake out Fridays,” suggesting that traders should remain cautious.
According to his analysis, the next major short-term milestone for XRP sits around $2.36, which would represent roughly a 70% increase from current levels if the market eventually regains momentum.
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