As the broad crypto market finds its balance amid rising pressures from increasing numbers of sellers, XRP has also seen its on-chain activities decline over the last month, according to data from XRPSCAN.

XRP’s payment volume down

The data shows that XRP’s on-chain payment volume has declined from the $538,949,662 it achieved on May 2, 2025, to just $295,104,737 as of June 2, 2025.

While this marks a significant drop of about 45% in XRP’s month-to-month payment volume, it signals a notable decrease in the use of XRP for executing transactions over the past month. This negative trajectory has been experienced across the broader crypto market…