XRP Ledger Activity Surges with $682M in Daily Payments

XRP Ledger has recently experienced a dramatic surge in transactional volume, highlighting renewed strength and growing traction for Ripple’s ecosystem. As of June 23, activity on the XRP Ledger reached an impressive $681.95 million in daily payment volume, signifying a nearly 50% rise within just 24 hours.

This payment volume boom comes during a broader positive shift across the cryptocurrency market. According to on-chain data from XRPSCAN, the jump from $454.85 million a day prior marks one of the most significant short-term increases the network has recorded in recent months. The remarkable uptick in activity signals a resurgence in the utility and confidence surrounding XRP and its blockchain infrastructure.

The core of this growth seems to stem from a blend of factors. While no definitive cause has been confirmed, analysts suggest that internal transfers between exchanges or a strategic rebalance by institutions heavily invested in Ripple products could be behind the spike. One thing is clear—XRP is once again catching mainstream attention, not just for its market performance but for its function as a digital asset in payment processing.

This latest momentum reflects a continuing trend where XRP doubles down on its role as a bridge currency for cross-border payments. Increased volume on XRP Ledger indicates heightened adoption by entities looking to leverage blockchain technology for faster and cheaper transactions.

Among the catalysts pushing XRP to new levels is the recent buzz around the XRP ETF launched in Canada. Just days after its debut, the 3iQ XRP ETF, now listed on the Toronto Stock Exchange, has already gained substantial traction. It’s reported as the largest exchange-traded fund in Canada focused solely on XRP, signaling deepening institutional sentiment toward XRP’s long-term use case and investment appeal.

This Canadian ETF launch has stirred buzz within the broader XRP community, particularly in the U.S., where speculation is growing around a potential U.S.-based XRP ETF approval. If realized, this could unlock significant capital flows and cement XRP’s role in the digital assets space. Investors and analysts alike anticipate the added market legitimacy could result in a sharp increase in both adoption and valuation.

Reinforcing this optimistic atmosphere is XRP’s current price performance. The token has seen its value rise by 5.52% in the past day, reaching a trading price of $2.08 as of the latest trading session. This growth is a continuation of XRP’s broader upward trend and reflects the bullish energy building across its network and community.

The timing of the surge in transactions aligns closely with this price uptick, offering further evidence that market interest is being fueled by more than just speculation. It’s a reflection of growing usage, confidence in Ripple’s technology stack, and increased investor appetite for blockchain-based financial assets.

As the market eyes further developments—particularly the possibility of U.S. regulatory approval for an XRP-based ETF—enthusiasm around Ripple’s ecosystem is likely to remain elevated. The recent increase in payment volume reinforces the narrative that XRP continues to position itself as a premier choice for scaleable, low-cost digital payments in a globalized financial system.

Related: Expert Advice: Sell XRP If You’re Confused

All indicators point toward continued evolution of the XRP Ledger as a viable foundation for both traditional finance integrations and decentralized applications. As network utility expands, so too does XRP’s profile as a high-performance digital asset amid a maturing crypto industry.