XRP Network Activity Jumps 479%, Fueling Hopes for a Price Rebound

XRP is entering November with renewed momentum as activity across the XRP Ledger (XRPL) accelerates sharply. On-chain data points to a significant increase in the amount of XRP transferred between accounts , raising expectations that improving network utilization could support a recovery in the token’s market performance. The development comes after several weeks of volatility and weaker activity toward the end of October. According to data from XRPScan, the amount of XRP transferred between accounts increased from approximately 229 million XRP on October 31 to more than 1.33 billion XRP on November 1.