The XRP Ledger (XRPL), that stubborn iron loom of the digital age, has delivered one of its starkest silences this year. On-chain activity collapsed by 99%, as if a great crowd had melted away into smoke. And yet the price of XRP clings above the stubborn iron of two dollars, as if a tired worker refuses to lay down his hammer. The market grumbles, but the walls seem to whisper, “Perhaps the machine still works, maybe not.” 😅🤔
Overview Of Ripple’s XRP Ledger 99% Crash
Over the weekend, the XRPL’s labor slowed to a whisper, activity sinking by about 99% within 48 hours. Closer inspection shows the falling rhythm comes more from the clock than from a broken engine; weekends have a way of thinning the crowd, and with it the liquidity. The ledger sighs, not with fear but with the fatigue of a city that has learned to endure these cycles.
Notably, XRPScans reveals that XRPL’s payment volume between accounts tumbled from over 1.09 billion on Thursday, January 8, to 166.99 million on Saturday-a drastic drop that reads like a city shutting its doors for the weekend. The volume has yet to recover, slipping further to around 137.40 million as of January 11. 🏙️
In addition to the volume decline, the number of transactions on the XRP Ledger during that window also retreated. XRPScans shows transactions falling from over 2 million on Thursday to 1.8 million on Saturday. A modest decline in participation by the giants can cast a long shadow over the whole river of activity. 💼⚖️
Price aside, the ledger’s breath continues to press upward in stubborn fashion: XRP still trades above $2, and the nosedive in activity has not yet pulled the price down with it. CoinMarketCap shows a weekly dip exceeding 4%, but there’s no clear thread tying this to the ledger’s 99% swoon. The city keeps its own counsel, even if the clock clanks. 🕰️💭
Before the crash, whale transactions-each $100,000 or more-hinted at a violent, chaotic life beneath the calm surface: a sign that, despite the tremors, large holders still move and watch. The river remains crowded at the top, even if the banks run thin lower down. 🐋💸
XRPL Developer Shares New Update For Ledger
Vet, a sturdy XRPL validator and craftsman, offers a report from the forge: a large batch of fixes and amendments is nearing its activation timer. This marks a critical moment for the network, a promise that the loom will be steadier for developers and users alike.
Vet states that the upcoming changes cover TokenEscrow, AMMClawback, Multi-Purpose Tokens (MPT), and Price Oracle. He emphasizes that the XRP team remains committed to keeping the ledger at peak performance, hammering away to ensure all features operate smoothly-regardless of the market’s mood. The clock ticks, and the work continues. 🛠️⏳
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2026-01-12 16:46