The epic bull run witnessed across the crypto market over the past days has seen XRP witness a dramatic surge in its on-chain payment activity, according to data from XRPSCAN.
The volume of payments from one account to another on the XRP Ledger has surpassed $1.4 billion on July 18, a level it last reached in February 2025.
While a total of 1,408,887,886 XRP was moved in massive payment activities over the last day, it marks a notable increase from the $1.2 billion payment volume achieved the previous day.
This massive surge has seen the XRP Ledger payment volume hit its 5-month high. Notably, the third-largest cryptocurrency by market capitalization also saw the number of payments from one account to another surge decently, achieving about 1.4 million payment counts the previous day.
This surge in XRP’s payment volume has gotten the attention of investors, thereby strengthening their confidence in the asset’s future price outlook. Nonetheless, the positive metric screams bullish for the token’s market performance as it reflects heightened interest in the use of XRP across the global market.
XRP nears 2018 ATH
The surge in XRP’s on-chain activity comes as no surprise, as it coincides with a dramatic bull run that saw the token blow close to the notable all-time high (ATH) of $3.84 it achieved in 2018.
Data from CoinMarketCap shows that the token has increased significantly by 22.39% in the last seven days as the token became the center of attention among major market participants.
Nonetheless, XRP is trading at $3.46 as of press time, despite slowing down on its rapid upsurge and showing a decent price correction over the last 4 hours.
The increase in XRP’s payment volume on XRPL comes as no surprise, as the token has continued to gain traction across the global space while witnessing notable increases in its cross-border payment activity and rising speculation ahead of its much-awaited ETF launch.
With this impressive surge in its on-chain activity, it appears that XRP’s ongoing price rally is far from over. Hence, retail and institutional investors are closely monitoring its on-chain performance amid rising optimism.
