$XRP trading is increasingly taking place during the hours when the London and New York markets are open simultaneously, according to Evernorth.
This suggests that more $XRP activity is occurring during normal financial market hours with participation from institutional and retail investors.
$XRP Volume Surges During London-New York Overlap
Evernorth said the three-hour period between 13:00 and 16:00 UTC now accounts for roughly 23% of $XRP’s total on-chain volume from Monday to Friday.
That compares with about 14% during the same three-hour window in July 2025. The company based its comparison on $XRP on-chain trading records analyzed through Dune, a popular data analytics platform.
The accompanying chart shows $XRP volume peaking at 14:00 UTC in July 2026, when that hour accounted for nearly 10% of the day’s on-chain volume. The period coincides with London’s afternoon session and New York’s morning session.
Evernorth described the pattern as a shift toward “banker hours,” arguing that it is consistent with growing institutional interest in $XRP.
Activity Mirrors Global FX Trading Hours
The 13:00–16:00 UTC window is also significant in traditional financial markets because it overlaps with the operating hours of London and New York, two of the world’s largest financial centers.
Evernorth said this is the only part of the trading day when both centers are open simultaneously. The company noted that global foreign exchange activity also tends to concentrate around this overlap.
The data therefore suggests that $XRP’s on-chain market is becoming more active during a period of higher global financial liquidity.
However, the concentration of activity during these hours does not, by itself, prove that banks or institutional investors are responsible. Other market participants operating on similar schedules also contribute to the trend.
Order Books, AMMs and Payments Show a Similar Shift
Meanwhile, Evernorth said the trend is occurring across the $XRP Ledger, rather than being concentrated in one part of the market. Activity is increasing across order books, automated market maker (AMM) pools and cross-currency payments.
This suggests that the rise in daytime trading cuts across the $XRP ecosystem rather than coming from a single market. The shift comes as institutional interest in $XRP continues to grow, with ETFs attracting new daily inflows and cross-border payments expanding through Ripple Payments.
Evernorth is also building a publicly traded $XRP treasury company and has highlighted growing activity in tokenized assets and RLUSD on the $XRP Ledger.
This does not mean trading stops after normal market hours. Instead, more activity is now taking place during the overlap between London and New York trading hours.
In short, $XRP does not “close at 5 p.m.,” but the network has increasingly clear “rush hours.” These busy periods could be a useful indicator to watch as institutional activity around $XRP develops.
