XRP Ledger Payment Volume Jumps 26% to 462.9 Million XRP

Ledger Payment Volume Surges

On-chain metrics show the XRP Ledger, the layer-1 payment network that records XRP transfers, moved markedly more value over the past 24 hours: payment volume climbed 26% to roughly 462.9 million XRP, worth more than $620 million in nominal terms at prices near $1.34. The profile of that flow is the real story. Account creation rose 8.8% to 2,300 new accounts, yet active accounts grew only 1.3% to 14,500, and active users fell 22.4% to 151,500 — a gap consistent with fewer participants moving larger blocks, in line with XRP's cross-border settlement role rather than broad retail adoption. Core throughput stayed steady, with 20,500 ledger closures at an average interval of 3.87 seconds, while fees burned 277.4 XRP after an 8.5% increase. Such fee-burn mechanics have recently drawn fresh projects to the ledger, including Clearpool's 50% fee-burn CLEAR token deployment.

ETF Holdings Top 1.1 Billion XRP

US-listed spot XRP ETFs continue to accumulate, if modestly. Across seven funds, custodial balances now exceed 1.118 billion XRP — about 1.12% of the fixed 100 billion total supply — with combined assets under management near $1.57 billion. During the 37th week of 2026 (September 7-11), the funds absorbed 1.27 million XRP against 161,000 XRP in outflows, for a weekly net inflow of 1.11 million XRP worth roughly $1.51 million. Bitwise leads the field with 368.6 million XRP ($520.2 million AUM), followed by Franklin Templeton at 274.7 million XRP ($387.6 million) and Canary Capital at 248.3 million. Trading remains top-heavy: total daily ETF volume came to about $23.3 million, of which Bitwise accounted for $15.38 million and Franklin Templeton $5.74 million. Investors weighing exposure can consult our beginner guide covering where and how to buy XRP.

Price Stuck Below $1.45

Price action tells a more cautious story. After climbing from below $1.00 to nearly $1.70 during the August breakout, XRP has repeatedly failed to hold the $1.40-$1.45 band and recently traded in the $1.34-$1.38 range before easing a further 3.8% over the past 24 hours. The XRP/USDT chart frames the immediate battleground: dynamic support sits near $1.335, with the long-term moving average close by at roughly $1.355. Losing the $1.33-$1.35 zone would expose the next meaningful floor around $1.245. Momentum is cooling without turning extreme — the daily RSI reads about 51 against a signal average near 60, leaving the indicator in neutral territory and denying the volume spike any clear bullish read-through.

Whales Control 64% of Supply

Supply-side data explains why the market feels pinned. Explorer records show the ten largest known entities collectively control approximately 64.1% of total XRP supply, with Ripple alone accounting for nearly 40% across 31 tracked accounts — most of it locked in escrow rather than freely tradable. Exchanges fill the remaining top ranks with custodial balances: UPbit holds 6.41 billion XRP, Coinbase 5.82 billion and Binance 2.74 billion, largely on behalf of users who might otherwise self-custody in a cold wallet. That concentration bites hardest at a decision point. The $1.35-$1.38 band carries the heaviest historical volume on URPD metrics and lines up with the 200-day EMA; a clean hold above $1.38 opens resistance at $1.55, $1.60 and $1.68, while a break under $1.35 risks slides toward $1.31 and then $1.27. Readers tracking the market in real time can follow live spot and futures prices on Bybit.

$1.35 Defense Decides Direction

Taken together, the threads form one arc: value is moving through the XRPL faster than its user base is growing, XRP coverage of ETF flows shows institutions absorbing supply only slowly, and a narrow set of holders effectively decides where support holds. Our reading of the on-chain record is that the 462.9 million XRP figure reflects concentrated large transfers, not broad adoption — volume alone does not confirm buying pressure. Direction now hinges on whether big wallets defend the $1.35 band; as Ripple's CTO emeritus David Schwartz argued in his $24.50 flippening scenario, that same structural concentration is a double-edged sword. Failure at support leaves $1.245 as the next line of defense.