Almost 10x: XRP Ledger Shows Explosive Growth

Tech

Almost 10x: XRP Ledger Shows Explosive Growth

• On-chain metrics: Real activity
• Not yet for price

With payment volume surging by almost 10x over its baseline earlier in the cycle, the most recent XRP Ledger metrics indicate one of the strongest on-chain expansions the network has witnessed in months. The metric jumped to 1.35 billion XRP transferred in a single day, marking a surge far above the typical 150-200 million range seen through November.

What this growth actually means, and whether it affects XRPs price — which is still struggling inside a clearly defined declining channel — are the questions.

On-chain metrics: Real activity

Through November, the payment-volume chart displays a very steady increase that ends in a nearly vertical spike. The pattern, which is probably related to institutional settlement, liquidity routing or automated high-volume flows across exchanges and custodial services, indicates widespread network usage rather than a single isolated whale.

Source: XRPLedger

This type of steady rise in XRPL throughput has historically preceded XRP market liquidity expansions, though price appreciation has not always happened right away. Another important point: the jump is accompanied by rising volatility in the payment-count chart, meaning the network is not just moving larger sums —more users and more accounts are participating. That is usually a stronger long-term bullish signal than simple volume spikes.

Not yet for price

The XRP chart is still extremely pessimistic despite the on-chain strength. Once more, the price rejected the descending-channel midline and was unable to maintain momentum above about $2.15. Selling pressure hit immediately afterward, dragging XRP back toward the lower boundary of the pattern.

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The EMAs reinforce the story:

• 50 EMA is below 100 EMA (mini-death cross recently verified).
• Price below all major moving averages.
• RSI is barely maintaining its mid-40s, momentum is lacking.

Short-term price volatility persists. Falling out of the channel again would open the door to $1.90-$2.00. But in the medium term, the networks activity spike is meaningful; networks rarely expand this aggressively without eventually pulling the asset upward.