XRP Surges as On-Chain Volume Hits Record 1.7B

XRP has made headlines once again as it experiences one of its most significant surges in recent memory, with transaction volume crossing 1.7 billion tokens within a 24-hour period. This explosive activity reflects heightened market enthusiasm and signals a shift toward renewed investor confidence in the Ripple ecosystem.

On July 18, XRP recorded a remarkable $1.07 billion in transaction volume, marking the highest single-day transfer figure in over a month. This spike in on-chain movement is not just a technical anomaly—it strongly suggests renewed activity and potential long-term shifts in XRP’s market dynamics. The surge points toward a network pulsing with energy, indicating that market participants are revitalized and actively positioning themselves for future movement.

Over the past three weeks, XRP’s value climbed by nearly 50%, starting from just under $2.40 and soaring past the $3.60 mark. This dramatic price rally saw the cryptocurrency effortlessly overcome crucial resistance levels at $2.39, $2.68, and $2.80. With each of these now acting as strong support points, XRP’s price trajectory reflects solid technical momentum backed by real usage.

One of the key indicators stirring up interest is the Relative Strength Index (RSI), which has climbed above 84. This level puts XRP in technically overbought territory, often a sign that a short pause in the rally could be imminent. However, with the transaction volume surging in tandem, this may reflect more than just trader excitement. The fundamentals seem to be catching up with the charts.

Further reinforcing the bullish outlook are the major moving averages. XRP’s current price stands well above its 50, 100, and 200-day lines, all of which are now trending upwards. This technical alignment typically accompanies sustainable rallies and may suggest continuation, even if short corrections occur.

The recent peak around $3.64 now serves as the next key level to watch. A confirmed breakout above this point could clear the path toward testing the psychological resistance at $4.00. Meanwhile, the former resistance levels at $2.80 and $2.39 could take on new roles as support in the event of short-term pullbacks.

Interestingly, the increase in on-chain volume could hint at more than market speculation—it may indicate a deeper evolution in how the XRP Ledger is being utilized. Spikes of this nature have historically aligned with periods of elevated usage, institutional positioning, and broader utility-focused movement within Ripple’s network. This trend, if it persists, may set the stage for sustained market performance rather than a fleeting high.

XRP’s impressive performance comes against a backdrop of renewed optimism in the broader cryptocurrency space. As digital assets regain momentum, projects like Ripple are seeing their ecosystems become more active, driven by both retail participation and potential enterprise adoption.

While market conditions can always shift and potential corrections loom whenever such intense rallies take place, the balanced combination of rising transaction volume, strong technical indicators, and supportive fundamentals paints a promising picture for XRP’s near-term trajectory.

As the market watches for a break over the $3.64 threshold, all eyes will be on how XRP continues to evolve amid growing expectations. If current trends persist, holders and traders alike may be in for a defining chapter in XRP’s 2025 performance.

Related: XRP Price: $12M Max Pain for Bears

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• over $1.07 billion in transfers between accounts
• XRP
• XRP/USDT Chart by TradingView
• XRP Ledger