XRP Ledger Payment Volume Surges 2,633% to 137.7 Million XRP in 24 Hours

Payment Volume Rebounds 2,633%

Payment volume across the XRP Ledger jumped 2,633.3% over the past 24 hours, on-chain data shows, lifting daily throughput from a deeply subdued base to roughly 137.7 million XRP. The percentage is the striking part of that print; the absolute level is not. The ledger's 30-day average stands at about 496 million XRP per day, so even after the surge the network is settling just over a quarter of the volume it has moved, on average, across the past month. Monday's jump therefore reads as a recovery from an unusually quiet stretch, not a step change in usage. None of that makes the number small: 137.7 million XRP in a single day is real settlement work, whatever its source.

History widens the gap. Built as a payments-focused mainnet that settles transfers through its own consensus mechanism rather than mining, the XRP Ledger has swung hard before: over the past 12 months, daily payment volume crossed 1 billion XRP on several days, and the all-time record sits near 7 billion XRP. Against those marks, 137.7 million XRP is ordinary traffic returning after several exceptionally thin sessions.

A measurement caution applies as well. Large wallet-to-wallet transfers, exchange-related movements and institutional settlement flows can each produce sharp one-day jumps in the measured figure without any shift in investor demand, and spikes of this kind have faded within days before. On-chain data does not yet break down what drove this one.

The XRP price, for its part, has not moved with the ledger. The token held near $1.29 in live trading on Monday, down 0.3% over 24 hours, against the roughly $1.58 peak it touched during September's rally, a distance of about 18% that the network's rebound has so far failed to close.

From $1.58 in September to $1.29

XRP traded near $1.2879 on Monday when the ledger reading was compiled, and the reference points stacked around it all sit higher. September's rally carried the price to about $1.58 before reversing; the descent since has left the coin below several key moving averages, and the short-term technical structure still favors sellers. The relative strength index, a standard momentum gauge, has also stayed under the neutral 50 mark, which points to weak buying appetite rather than a fresh wave of panic selling.

Ledger throughput and market activity describe different things, and the distinction matters here. Payment volume measures what users and institutions settle across the network; trading volume measures what traders exchange in the market, and only the second feeds price directly. In 2026 the two have decoupled more than once: the coin climbed toward $1.58 in September even while daily payment volume spent much of the year under its 30-day average, and it has drifted lower since despite individual volume spikes.

Whether a rebound of this size can eventually feed the price is the open question, and the record argues for patience. Comparable XRPL payment surges have appeared repeatedly over the past year, several exceeding 1 billion XRP, and none produced a durable lift on its own. Wallet distribution adds to the cautious read: recent tracking showed XRP whale wallets, the largest balances on the network, falling from 351 to 339. A reclaim of $1.40, the level we flagged as the near-term test heading into Ripple's Swell week in New York, would be the first structural sign that sellers have lost their grip. Until that happens, the gap between a 2,633% volume jump and a price pinned under its averages is the story of the session.

Our composite scoring frames how narrow the market has become. Resistance at $1.3416, where the 20-day and 100-day EMAs meet the Ichimoku cloud floor, scored 98 out of 100; support at $1.2748, where the 100-day and 200-day simple moving averages converge with the 0.618 Fibonacci level, scored a full 100 out of 100. Spot trades inside that roughly 5% band at $1.2902. Positioning leans long: the crypto futures funding rate reads 0.0071% and the long/short account ratio stands at 3.55, with 78% of accounts long, yet the RSI at 38.04 and a bearish MACD keep the downtrend label on. A daily close above $1.3416 would be the first crack in that structure; below $1.2748, the next strong floor waits at $1.1486. The full level map sits in our XRP technical analysis.