XRP Ledger Payments Drop to 114 Million as Binance Reserves Surge by 670 Million

• XRP Ledger payments fell to 114 million from peaks above 2 billion
• Binance XRP reserves rose 670 million in September, fueling pressure
• XRPL TVL dropped to $98 million as network activity hit multi-month lows

The XRP Ledger (XRPL) processed just 114.07 million XRP in payments over the past 24 hours. That figure is sharply lower than the 200 to 300 million daily transactions seen earlier this year, and a dramatic drop from prior peaks above 2 billion transactions.

The decline raises fresh questions about demand for XRPL’s primary role as a payment settlement network. Ripple continues to market XRPL as a decentralized, scalable layer, but the slowing transaction count is testing that positioning.

Binance Reserves Rise by 670 Million XRP While On-Chain Metrics Weaken

Exchange balances are climbing fast. Binance now holds 3.57 billion XRP, up by 670 million since September began. Large inflows to centralized exchanges are often interpreted as potential selling pressure.

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