XRP Ledger has seen activity on its network pick up sharply following a major rebound in the price of XRP amid a broader crypto market rally.
With sentiment now suddenly turning bullish again, the network has recorded over 2.34 million transactions during the last day, signaling growing adoption across the crypto space.
XRP ledger sees 8.9% surge
Per the latest onchain data from XRPScan, the XRP Ledger has witnessed a massive increase in the number of transactions processed on its network as of September 18.
Notably, the XRP Ledger processed up to 2,344,225 transactions over the last 24 hours, marking an increase of about 8.9% from the transactions executed the previous day.
More impressively, the data further showed that the figures recorded are substantially above the network's 30-day average of about 2 million transactions.
It is important to note that the uptrend in the number of activities on the XRP Ledger has remained consistent in recent days, since it recorded 2,117,620 transactions on September 16. This highlights an increase in network usage as XRP regains momentum after the impact of the failed CLARITY Act faded.
XRP rebounds above $1.43
Over the last day, XRP witnessed a major price breakout, surging by about 8% during the period to reclaim $1.43 as momentum begins to build again.
This massive price rally has stirred confidence among traders, triggering the spike in transaction activity as it has faded off losses incurred from the Senate's CLARITY Act rejection.