XRP (XRP) Ledger Payments Top 1.14 Million Daily, Well Above 30-Day Average

Ledger Payments Hit 1.14 Million

What Is XRP? coverage of the ledger's activity shows the XRP Ledger processed 1,143,754 payments on September 27, pushing daily settlement activity back above the one million mark, per XRPSCAN data. That reading sits well above the 30-day average of roughly 887,600 payments and extends a broad September expansion in network usage. Ledger statistics for the period show about 2.7 million total transactions, roughly 17,800 active accounts and a payment volume near $400 million. Several payment spikes above one million have landed this month, so the latest figure looks like part of a sustained trend rather than a one-off. On-chain data also cautions that the count is not a million individual senders: XRPL's Payment transaction type moves XRP alongside issued assets such as stablecoins and other tokens, meaning automated services and exchange infrastructure can generate huge batches of individual payments quickly. The surge arrived as XRP worked to defend its September recovery.

Brandt's $5.40 Chart Call

Veteran technician Peter Brandt handed the bulls fresh ammunition on September 27, posting that owning altcoin major XRP does not require “certified cult membership” — the charts alone are enough reason to make a bet. His long-term monthly chart, built on a decade of support-and-resistance structure, implies an eventual move toward $5.40, though he framed that as a projection rather than an active trade call, a distinction much of the market skipped past. The timing lines up with on-chain flow showing whales accumulating roughly 470 million tokens, about $724 million, over five days, plus an inverse head-and-shoulders pattern flagged near a $1.55 neckline. As we noted in our earlier coverage of the $5.40 long-term chart bet, community reaction split between validation and skepticism, and the projection remains a multi-year marker rather than a swing target.

postinghttps://twitter.com/PeterLBrandt/status/2104004914464825446?s=20

980% Long Liquidation Imbalance

Derivatives stress marked the start of the week. Roughly $378 million in crypto liquidations swept the broader market as inflation concerns weighed on risk assets, with aggregate liquidation data showing top-ten assets down 2% to 7%. XRP dropped 3.82% in 24 hours, sliding to a low of $1.47 after its September 25 push to $1.62 and two consecutive red daily closes. Longs absorbed nearly all of the damage: $10.88 million of the $11.99 million in XRP liquidations came from bullish traders, versus $1.11 million for shorts — a roughly 980% imbalance. Attention now turns to this week's nonfarm payrolls and unemployment releases, which follow the core PCE and GDP prints and could move Fed rate-cut bets. October is also stacked: Batch and fixBatchV1_2 target mainnet activation on October 9, permissions delegation on October 8, Ripple Swell runs October 27–29, and the XRP Seoul event lands October 3. Elevated volatility has lingered since the Bitget breach wallets moved 54 million XRP.

AMM Liquidity Behind the Spike

One candidate driver of the payment surge is the ledger's expanding liquidity infrastructure. XRPSCAN data shows roughly 31,200 liquidity pool structures known as AMM pools live on XRPL, and the count keeps climbing. The payment chart alone cannot pinpoint the exact source of the latest jump, but growing on-ledger liquidity and asset movement can plausibly generate more transactions across the ecosystem, since exchange rails, dapp backends and automated settlement services all funnel activity through the same Payment type. The distinction matters for interpretation: a single 1.1 million-payment day is a strong signal only if sustained, so the more meaningful test is whether daily throughput holds above the 887,600 baseline through October's upgrade and event calendar. Readers tracking the market in real time can follow live spot and futures prices on Gate.

$1.50 Defense in Focus

COINOTAG's proprietary 42-indicator composite S/R scoring engine prices XRP at $1.5218, down 1.24% over 24 hours, with the trend still classified as an uptrend (RSI 59.14, bullish MACD). Our composite rates the $1.4980 support at 83/100 from the confluence of a high-volume node, POC and EMA 20, while the deeper $1.3964 level — where a flipped resistance, a low-volume node and the 0.500 Fibonacci band converge — scores 96/100. Upside is capped by the $1.5365 shelf at 61/100 and the stronger $1.6021 band at 68/100, driven by the Bollinger, ATR and Keltner upper bands. Positioning skews bullish: funding sits at 0.0012%, open interest near $1.11 billion and the long/short account ratio at 2.81, against a Fear & Greed reading of 74 (Greed). A daily close below $1.4980 would invalidate the near-term uptrend thesis and shift attention to $1.3964, where thin liquidity raises slippage risk on stop-outs.