XRP Ledger Experiences Surge in Activity Amid Price Recovery
- Total activated accounts on the XRP Ledger reached nearly 7.86 million, nearing a significant milestone.
- A single-day increase of over 3,300 new wallets marked the highest surge since March.
- Active addresses hit a peak of over 48,000 within a day, the highest count since late March.
- Failed transactions due to “tecNO_PERMISSION” errors spiked to over 1,300 on May 19.
- XRP price briefly surpassed $1.54, its highest level in two months.
The recent surge in wallet creation and active addresses on the XRP Ledger coincided with a brief rally in XRP’s price above $1.54, reflecting increased user participation and network activity.
Despite this uptick in activity, transaction errors also rose sharply, indicating potential challenges as user engagement grows rapidly on the network.(Source)
