04 Oct
04Oct

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.

Institutional Use and Price Implications

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.


Future Outlook and Key Factors

The immediate future of XRP hinges on whether this high volume of payments is sustained.

  • Positive Scenario: If the payment volume remains elevated, it strengthens the narrative of XRP as a utility-driven payment asset. This, combined with the historically positive "Uptober" trend for the crypto market, could pave the way for long-term growth and a larger breakout.
  • Cautionary Note: The spike could also be a result of internal rebalancing or a one-time large transfer, which may not translate into a direct, lasting price increase.
  • Crucial Price Level: Traders are focused on whether XRP can maintain a crucial level above $3.00. A sustained continuation above present resistance zones, backed by stable on-chain activity, would improve the prospects for a longer-term recovery.

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

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