XRP Holds $1.39 as XRP Ledger Payment Activity Slumps Overnight

XRP was trading at $1.39 on Friday, October 9, 2026, after starting the week near the $1.50 mark — ground the token gave up and has since partly won back, according to a COINOTAG report. The price move has unfolded alongside a sharp change in activity on the asset's own network.

Overnight Drop in Ledger Payment Activity

On-chain data shows that the daily payment count on the XRP Ledger slumped overnight. The XRP Ledger is the open-source blockchain on which XRP operates, and its daily payment count is a closely watched measure of transactional activity on the network.

Payment counts track the number of payment-type transactions settled on the ledger each day. A decline in the metric indicates reduced day-to-day transfer activity and is observed independently of price movement.

Because the ledger's transaction record is public and continuously updated, the payment count can be independently verified by anyone, and the sessions ahead will show whether activity rebounds to earlier levels or settles at the reduced pace.

Network Background

The XRP Ledger went live in 2012 and was built for fast, low-cost settlement. Transactions on the network typically confirm within seconds and carry fees measured in fractions of a cent. XRP serves as the ledger's native digital asset and has long been associated with cross-border payments, a use closely tied to the technology company Ripple.

Unlike proof-of-work blockchains such as Bitcoin, the XRP Ledger relies on a consensus protocol among validators rather than mining to confirm transactions. Its software and transaction records are publicly accessible, consistent with its open-source design.

For a network whose design centers on settlement, the payment count serves as a direct read on how heavily that core function is being used, which is why shifts in the metric draw attention even when price action is quiet.

Price Context

The token's retreat from roughly $1.50 at the start of the week left it holding the $1.39 level on Friday. COINOTAG characterized the week's trading as ground XRP "has given up and partly won back" while network payment activity shifted sharply.

The two data points are distinct: the price tracks XRP's market trading, while the payment count measures settlement activity on the ledger itself. Both are publicly observable, so any further shift in either can be verified directly against the underlying data.

This content was first published on COINOTAG: https://en.coinotag.com/xrp-ledger-payments-slump-xrp-price-holds-1-39