XRP Trading Volume Spikes 46%, What’s Fueling the Surge?

XRP has been making waves in the cryptocurrency market, with a striking 46.69% increase in its trading volume within just the last 24 hours. This surge in activity reflects not only renewed market interest but also underlying dynamics that could shape Ripple’s immediate future.

Currently, XRP is trading at $2.13, slightly down from its previous level, indicating that while interest is heating up, the asset faces resistance in breaking past certain pricing barriers. Despite this marginal dip, the heightened volume is a clear signal of trader engagement and investor curiosity.

CoinMarketCap’s data shows this jump in volume underscores the push-pull environment XRP finds itself in. Simultaneously, its Network Value to Transactions (NVT) ratio has surpassed the 280 mark — a level that suggests a disconnection between price valuation and actual network usage. Typically, a high NVT ratio can point toward overvaluation, where the asset’s market cap exceeds the value carried via transactions on its blockchain, often indicating that speculative sentiment might be in play.

Such a divergence often leads analysts to predict potential corrections or sharp directional shifts. However, XRP isn’t just being driven by sentiment alone. The XRP Ledger has reached a record with over 1.2 million daily transactions, signaling genuine growth in real-world usage and network activity.

This uptick in utility supports the notion that Ripple’s infrastructure continues to show strength amid market uncertainty. For investors, this poses a unique juxtaposition — skeptical technical signals counterbalanced by encouraging adoption trends.

Another factor that’s catching the attention of institutional investors is the growing optimism around a future XRP-based exchange-traded fund (ETF). Bloomberg recently upgraded the likelihood of an XRP ETF gaining approval in 2025 to 95%, up from a previous estimate of 85%. This significant jump reflects shifting regulatory landscapes and increased engagement from the U.S. Securities and Exchange Commission (SEC).

Supporting this optimism, prediction market platform Polymarket reported a 90% probability of an XRP ETF approval by the end of the year — a 19% rise from earlier projections. These forecasts signal a growing belief that XRP is on the cusp of securing a more formal position in traditional financial portfolios.

Should regulatory bodies greenlight such funds, XRP would join Bitcoin and Ethereum in the ETF domain, broadening its appeal to institutional players and potentially expanding liquidity and market accessibility. As more investors look to diversify their cryptocurrency holdings, an XRP ETF could serve as a streamlined entry point into Ripple technology without navigating the nuances of owning the token directly.

The overall scenario points to a pivotal moment for Ripple and XRP. While technical analysts caution about inflated valuation metrics, the utility-driven growth and regulatory momentum suggest strong underpinnings for long-term potential. With the ecosystem experiencing both technical engagement and rising external confidence, the market’s attention remains fixed on whether XRP can sustain its recent momentum or faces an inevitable recalibration.

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

This recent surge in XRP trading volume is not merely noise in a volatile crypto market; instead, it’s a part of a broader narrative that signals both opportunities and risks as Ripple navigates an evolving regulatory and adoption landscape.