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XRP Ledger has seen reduced participation as XRP payments on the network fall to levels not seen this week, despite a mild price increase. The crypto market is showing mixed price action, and XRP has flipped negative, coinciding with a sharp downturn in its on-chain activity.
According to XRPSCAN data, XRP on-chain payment volume has plunged by about 77% over the last 24 hours. As of Saturday, April 11, the metric recorded roughly 86 million payments from one account to another on XRP Ledger.
The 86 million figure represents the lowest level XRP payment volume has reached over the past seven days, indicating fading momentum while XRP continues to trade below $1.35.
Earlier in the day, XRP was trading in the green with an increase of around 1%. However, the recovery attempt appears to have stalled, with XRP nearly flipping back to the downside and posting a flat move of about 0.1% over the last 24 hours.
With weak price movement accompanying the decline in payment volume, the drop has drawn attention from market watchers. Network weakness of this kind is being viewed as a potential bearish signal by investors, raising concerns that another volatility session could be on the horizon.

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