Despite the sluggish price, XRP's daily payment volume is approaching 3 million transactions. Amidst its continued downward trend, XRP's decline has far outpaced the overall cryptocurrency market, with its market capitalization evaporating by $26.39 billion this year. Despite the price drop, transaction activity on the XRP ledger has actually rebounded following several upgrades in recent months (such as licensed domains). XRP's daily payment volume recently reached 2.7 million transactions, a new high in nearly a year, and is approaching the crucial 3 million mark.