Onchain payment job on the XRP network has increased vastly in latest months.
In step with records from on-chain records platform XRPSCAN dated July 18, the total volume of inter-story transfers via XRP Ledger exceeded $1.4 billion, reaching the very ultimate stage since February 2025.
A total of 1,488,878,886 XRP items modified palms on the day, in comparison to a trading volume of $1.2 billion the day sooner than. The preference of day-to-day transactions on the XRP Ledger furthermore increased steadily, reaching approximately 1.4 million transactions.
This rise indicates rising user curiosity in XRP. The broaden in XRP’s on-chain job furthermore aligns with the total upward pattern in the cryptocurrency market. The XRP rate is nearing its all-time high of $3.84, reached in 2018.
Meanwhile, a crypto pockets belonging to Ripple co-founder Chris Larsen despatched $26 million rate of XRP to Coinbase on Tuesday. The transfer passed off on the same day that the XRP rate hit a seven-month high.
Whereas it is unclear whether or no longer Larsen offered these XRPs, such abundant transfers to centralized exchanges are every so usually considered for resale capabilities.
*This is rarely any longer investment advice.
