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XRP has experienced a significant surge in on-chain payment activity, marking a pivotal moment in its recent market performance.
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The XRP Ledger recorded over $1.4 billion in payment volume on July 18, reaching a five-month high and signaling increased adoption and investor confidence.
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According to XRPSCAN, the number of payments between accounts also rose sharply, with approximately 1.4 million transactions recorded, underscoring growing network usage.
XRP’s on-chain payment volume hits a five-month peak amid a strong bull run, nearing its 2018 all-time high with increased investor interest and cross-border activity.
XRP’s On-Chain Payment Volume Reaches Five-Month High Amid Bullish Momentum
The recent surge in XRP’s on-chain payment activity reflects a robust increase in network utilization, with payment volumes surpassing $1.4 billion on July 18—levels not seen since early 2025. This uptick is significant as it demonstrates not only heightened transactional activity but also growing confidence among market participants. The XRP Ledger’s payment count nearing 1.4 million transactions further validates the token’s expanding role in facilitating digital payments globally.
Such elevated on-chain activity often correlates with increased liquidity and market interest, suggesting that XRP is gaining traction beyond speculative trading. The sustained rise in payment volume is a positive indicator for XRP’s utility, particularly in cross-border remittances, where speed and cost-efficiency are critical. This trend aligns with XRP’s strategic positioning as a bridge currency in the global financial ecosystem.
Investor Sentiment Strengthens as XRP Approaches 2018 All-Time High
XRP’s impressive price rally, with a 22.39% increase over the past week, has brought the token close to its 2018 all-time high of $3.84, currently trading at $3.46. This price movement is supported by the surge in on-chain activity and growing anticipation surrounding XRP’s upcoming ETF launch, which could further legitimize its presence in institutional portfolios.
Market data from CoinMarketCap highlights a temporary price correction in the last few hours, a common occurrence in volatile markets, but the overall trend remains bullish. The convergence of rising payment volumes and price appreciation indicates a strengthening ecosystem where both retail and institutional investors are actively engaging with XRP.
Cross-Border Payment Activity and ETF Speculation Drive XRP’s Growth
One of the key drivers behind XRP’s recent momentum is its expanding use case in cross-border payments. The XRP Ledger’s ability to facilitate fast and cost-effective transactions has attracted attention from financial institutions seeking alternatives to traditional payment rails. This practical application enhances XRP’s value proposition and supports sustained network growth.
Additionally, speculation around the approval of an XRP-based exchange-traded fund (ETF) has injected optimism into the market. An ETF would provide a regulated and accessible investment vehicle, potentially increasing demand and liquidity. While regulatory outcomes remain uncertain, the anticipation alone has contributed to heightened market activity and investor interest.
Conclusion
XRP’s recent surge in on-chain payment volume and price performance underscores its growing importance in the crypto ecosystem. The token’s approach toward its 2018 all-time high, coupled with increased transactional activity and ETF speculation, positions XRP as a key player in both retail and institutional markets. Investors should continue to monitor on-chain metrics and regulatory developments to gauge XRP’s trajectory, as these factors will likely influence its future market dynamics.
