Recent ledger data shows that XRP has experienced a dramatic spike in on-chain payment volume, hitting 1.58 billion XRP in a single day. This abrupt surge indicates renewed momentum and utility on the network.
The significant increase in payments suggests increased institutional or settlement activity, as movements of this scale are rarely attributed to small retail transactions. This indicates that major players may be increasing or resuming their use of XRP for actual payment processes within RippleNet and other payment rails.
Concurrently, the XRP price chart is showing corresponding technical strength, demonstrating resilience by moving above the 26 and 50 EMAs (Exponential Moving Averages). Historically, strong network activity has preceded XRP price breakouts, a pattern that traders are watching closely now.
The immediate future of XRP hinges on whether this high volume of payments is sustained.
The current increase in daily transactions of $1.58 billion XRP is being interpreted by the market as either a prelude to a significant price breakout or a temporary spike before a retracement.
October 2025, Cryptoniteuae