According to U.Today, XRP Ledger (XRPL) has recently experienced a notable increase in on-chain transactions, dispelling any notions of it being a ghost chain. XPMarket CEO Artur Kirjakulov highlighted that XRPL has shown consistent growth since the beginning of the month. On July 2, the total recorded transactions were 1.4 million, with 60,000 trades. The next day, transactions rose to 1.6 million, although trades dropped to 51,000.

By July 4, the total transactions increased to 1.85 million, and by July 8, they surged to 2.3 million, with a total trade count of 607,000. Approximately a week later, on July 16, XRPL's total transactions reached 4.15 million, with 853,000 trades. This one-week growth of over 80% highlights the robustness of the XRP Ledger protocol. Kirjakulov and others attribute this trend to the growing user base and the rise in microtransactions.

XRPScan also noted that the increase in transaction volume is partly due to micropayment transactions, which have been averaging 671,000 payments per day. These transactions are of unknown nature and are directed to various wallets.

XRP Ledger has achieved several milestones and upgrades, such as the fixAMMOverFlow upgrade and multiple sidechain launches, enhancing its usability for micropayments. This growth is seen as a crucial factor in aiding XRP's long-awaited price recovery. With more use cases driving demand for XRP, the coin could potentially surpass the $1 mark in the long term. This optimistic outlook may also be bolstered if the Ripple versus SEC lawsuit concludes favorably.