Despite XRP’s meager price performance, on-chain activity on the XRP Ledger (XRPL) has surged to multi-month highs as users renew traction to the blockchain.

Compared to other caliber crypto assets, XRP has recently performed poorly. For instance, despite improved broader market sentiments, altcoin has observed the least gains in the top eight crypto rankings.

Also, XRP remains the only asset within the top eight category, with a month-over-month price deficit. Other coins, including Bitcoin, Ethereum, and Solana, have increased by at least 5%, while the XRPL native token is down almost 6%, mainly due to the collapse earlier this month on the back of the SEC’s appeal notice in the Ripple case. Notably, this lackluster price movement heralds suppression amid the regulatory issues triggered by the long-standing battle. The SEC renewed the case following the appeal it filed.

Amid all this, the XRP Ledger has somehow managed a spike in on-chain activities recently, showing major interest of investors in XRP. Data from Santiment shows that investor traction has returned to XRP and its underlying network as usage hits multi-month highs.

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