XRP Ledger Payment Volume Jumps 119.6% to 770.6 Million XRP in 24 Hours

Ledger Payments Jump 119.6%

Payment volume on the XRP Ledger rose 119.6% in a single day, the on-chain record at XRPScan shows, with the latest 24-hour reading reaching 770.6 million XRP. The figure lands well above the 30-day average of 601.9 million XRP and marks the first clear rebound after weeks of shrinking activity on the network. Even so, the metric's all-time high of 7 billion XRP shows how much further the ledger would need to travel before matching its recorded peak. The one-year chart explains why the percentage looks outsized. Volume has moved in sharp spikes rather than a steady line, with peaks near 2.6 billion XRP in November and again in February, while most days settle between 300 million and 700 million XRP. Quiet days have dropped close to zero, and the latest surge begins directly from one of those weak readings, so part of the 119.6% gain reflects a low base rather than a fresh trend. Still, the direction matters. Payment volume counts how much XRP is actually moved between accounts, which makes it a more direct usage signal than exchange trading volume alone, and a data point for payment-focused finance, often grouped under PayFi. When the figure rises, more accounts are sending, settling and relying on the ledger's consensus mechanism on its mainnet. The rebound also follows earlier signs of life: daily transactions jumped 55.9% to 3.5 million in a day, and wallet adoption keeps climbing, with XRP wallets reaching a record 8.24 million. Weeks of falling activity appear to have turned, for now, into renewed on-chain use.

Price Stalls Below $1.37

The market has not followed the ledger higher. XRP price changes hands near $1.32 at the time of writing, down about 0.7% over the past 24 hours, and sits below the 100-day moving average near $1.34 and the 200-day average near $1.37. Both averages are acting as resistance: sellers rejected the token in that zone earlier in the week and pushed it back toward the $1.27 to $1.30 band. The relative strength index reads around 40, a sign of weak momentum that stops short of oversold territory, while volume on the price chart has faded at the same time, pointing to investors standing aside rather than accumulating. On the downside, the recent low near $1.25 is the first level to hold; a break there brings the $1.15 zone back into view, where the August rally began. On the upside, a daily close above $1.37 would hand control back to buyers, with $1.45 and $1.55 as the next regions. The ledger data and the chart now point in opposite directions, and the condition set out in the network readings is explicit: if payment volume holds above the 601.9 million XRP average over the coming days, the case for a close above $1.37 strengthens considerably. If the spike fades, XRP likely stays boxed in its current range. Analysts keep a cautious tilt, with EGRAG framing the drawdown as a fourth correction phase and watching $1.06 as the deeper floor; fuller level readings sit in our regular XRP technical analysis.

Long Positions Into a Downtrend

COINOTAG's composite support and resistance scoring frames the squeeze. The nearest strong floor sits at $1.2793, where the 100-day and 200-day averages and the 0.618 Fibonacci converge, scoring 100 out of 100, while the $1.3529 resistance scores 88 out of 100 from the 20-day EMA, R1 and the prior daily high. The trend label remains a downtrend, with the RSI at 41.88 and a bearish MACD. Positioning leans the other way: perpetual funding runs at 0.0071% and the long/short account ratio stands at 3.84, meaning 79.3% of tracked accounts hold longs into the weakness. The tension resolves on two conditions. A sustained run of payment volume above the 601.9 million XRP average alongside a daily close over $1.3529 would reset the picture, while a loss of $1.2793 opens the deeper supports below.