The XRP network activity remained broadly steady during the recent market crash: on-chain metrics showed a modest TPS uptick and daily transactions briefly topped 2 million on Oct. 11, indicating continued network engagement and liquidity despite a sharp, short-lived price collapse.
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On-chain stability: daily transactions topped 2 million on Oct. 11, per blockchain explorer XRPScan
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Analyst view: Peter Brandt called the pullback “a minor reaction” and retains bullish structure for majors
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Market data: derivatives liquidations exceeded $16 billion during the week, pressuring risk assets
XRP network activity stays resilient amid market crash — on-chain metrics, transaction spikes and analyst outlook explained. Read COINOTAG’s data-led update.
Published: Oct. 12, 2025 | Updated: Oct. 13, 2025 | By COINOTAG
What is XRP network activity doing during the market crash?
XRP network activity has held up through the recent market turmoil, with on-chain indicators showing only a modest increase in transactions per second and a spike in daily transactions to above 2 million on Oct. 11. These metrics suggest sustained network use and liquidity even as prices briefly collapsed.
How did on-chain metrics and transaction volumes behave during the sell-off?
The XRP Ledger recorded a temporary TPS uptick and a notable surge in daily transactions on Oct. 11, according to blockchain explorer XRPScan. Daily transactions topped 2 million for the first time since early August, while typical address activity and ledger throughput showed no signs of protocol stress or downtime. Network fees remained low compared with historical spikes, supporting the view that the ledger continued to process retail and institutional flows without disruption.
Market context and analyst reaction
Derivatives platforms reported more than $16 billion in liquidations across the crypto market during the week-long crash, which briefly pushed Bitcoin down to roughly $100,600 before a recovery above $111,000. Trading veteran Peter Brandt publicly characterized the pullback as “a minor reaction” and maintained a bullish technical view for four major assets, including XRP. Brandt identified $1.79 as a key support level for XRP and listed $3.00–$3.50 as subsequent targets if momentum resumes.
How did XRP price and sentiment respond to the crash?
XRP experienced a swift price collapse on Oct. 10, briefly falling more than 50% to near $1.25 before recovering. Despite the drawdown, on-chain engagement metrics—transaction counts and ledger activity—did not mirror a proportional decline, implying that selling pressure was concentrated in order books and derivatives rather than across everyday ledger usage. Plain-text source: XRPScan provided the transaction counts; market liquidation figures were reported by multiple market-data aggregators and derivatives feeds (reported here as plain text).
Shiba Inu and broader market fallout
Shiba Inu (SHIB) was among the worst-hit tokens in the flash crash. The token breached the psychological $0.000010 level and fell to multi-year lows as retail-driven momentum faded amid broader market risk aversion. Chart structure indicated a decisive breakdown from a multi-month consolidation triangle, and accelerated selling was compounded by forced liquidations in crowded retail positions.
What technical levels matter for SHIB and other speculative tokens?
For SHIB, the breach of $0.000010 signals deeper technical weakness and increases the probability of extended consolidation or further downside until liquidity conditions normalize. Speculative tokens that rely on retail flows were most impacted when macro risk spiked; traders should note the role of margin and derivatives liquidations in exacerbating fast drawdowns.
Frequently Asked Questions
How many daily transactions did the XRP Ledger record during the crash, and what does it mean?
Daily transactions on the XRP Ledger briefly topped 2 million on Oct. 11, per XRPScan. That spike, combined with steady TPS and low fees, indicates the ledger continued processing significant volume and did not experience operational stress despite extreme price volatility.
Did XRP’s price collapse break the network or affect transaction confirmations?
No. The ledger continued confirming transactions, and network throughput did not show systemic disruption. Confirmations and fee levels remained within normal operating ranges, so users and applications relying on XRPL functionality were largely unaffected.
Key Takeaways
- On-chain resilience: XRP sustained elevated transaction volumes without protocol stress, signaling continued network utility.
- Market-driven price moves: The price collapse was driven by order-book and derivatives liquidations; on-chain usage diverged from price action.
- Data-led monitoring: Track official on-chain sources (e.g., XRPScan) and derivatives liquidation reports to gauge market pressure and recovery potential.
Conclusion
The recent market crash produced sharp price swings across crypto but left XRP network activity broadly intact: transaction volumes and TPS rose briefly while fees and confirmations remained stable. Expert commentary from Peter Brandt framed the pullback as temporary, while on-chain data from XRPScan confirmed sustained engagement. COINOTAG will continue monitoring ledger metrics and market liquidations to report on recovery signals and evolving technical levels.
