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XRP Transactions Double: Ripple Reports Strong Q1 2024

Ripple’s Q1 2024 report shows significant growth in the XRP ledger, with transactions doubling to 251.39 million and XRP spot volume rising 40% to $865 million. Despite reduced transaction costs and recovery in XRP prices, uncertainty lingers due to ongoing SEC litigation. Ripple plans further expansions and innovations, including launching a new stablecoin.




Fintech company Ripple has released its Q1 2024 report showing impressive growth in the XRP ledger. According to BTC-ECHO | Bitcoin & Blockchain since 2014, the ledger recorded a remarkable 251.39 million on- chain transactions – a double compared to the fourth quarter of 2023.

In addition, XRP spot volume increased to $865 million, an increase of 40 percent. The cost per transaction fell by around 45 percent to around $0.000856. Despite these positive developments, uncertainty remains due to the ongoing litigation with the SEC.

XRP revolution: Court ruling and expansion promote price explosion

According to, the lengthy legal battle between Ripple and the SEC is nearing its end. In the midst of this, a large whale transaction involving the transfer of 50 million XRP coins caused a stir in the crypto community.

Despite temporary price losses, XRP was able to recover and is currently rising again. Ripple also plans to launch a new stablecoin and take other innovative steps to improve its network by integrating new technologies such as Automated Market Makers (AMM).

Ripple reports impressive growth: XRP transactions double in Q1 2024

According to Crypto Magazine, Ripple’s first quarterly report for the year showed strong growth in the XRPL network, with transaction numbers doubling compared to the previous quarter.

Despite this growth, however, uncertainty remains due to the ongoing litigation with the SEC, which casts a shadow over future developments.

XRP: Why investors should be particularly careful now

According to Blockchain-Hero , although many cryptocurrencies such as Bitcoin and Ethereum are currently showing strong performance, XRP is largely moving sideways with minimal gains over the last week. The opportunity cost is a strong argument against investing in this coin .

Despite ongoing legal disputes with the SEC, Ripple continues to plan expansions into Africa and would like to expand crypto-related services there. These challenges have so far failed to produce a sustained rally for the price; it is currently only stabilizing at around $0.51$ per unit.


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First published in Coin Kurier. A third-party contributor translated and adapted the article from the original. In case of discrepancy, the original will prevail.

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Sharon Harris is a feminist and a part-time nomad. She reports about businesses primarily involved in tech, CBD, and crypto. She started her career as a product manager at a Silicon Valley startup but now enjoys a new life as a personal finance geek and writer. Her primary aim is to provide readers with a new perspective on the overlapping world of finance and technology.