The XRP Ledger has achieved unprecedented transaction volumes, processing over $1.4 billion in inter-account transfers on a single day in July. This marks the network’s highest daily value movement since February and coincides with XRP approaching the $3.84 price level last seen during its 2018 peak.
Approximately 1.5 billion XRP tokens changed hands across nearly 1.4 million transactions during this surge. The heightened on-chain activity signals growing investor confidence in XRP’s utility and market adoption, reflecting broader optimism about the cryptocurrency’s ecosystem.
Significant transactions included a $26 million XRP transfer to Coinbase by Ripple co-founder Chris Larsen, underscoring active stakeholder participation. This combination of price momentum and network throughput demonstrates robust market engagement across the XRP Ledger.