XRP payment volume grows 1,300%, driven by 87% probability of ETF approval in 2025. Activity on XRP Ledger explodes, reinforcing investor optimism.
XRPScan data shows an impressive 1,300% increase in XRP payment volume , fueled by rising odds of an ETF approval in 2025. Activity on the XRP Ledger has seen exponential growth, with a 1,300% surge in payment volume in the last 24 hours.
This significant increase coincides with a sharp increase in the probability of an XRP ETF being approved , now at 87%. Could this be the start of a bull run for XRP?
XRP Payment Volume Spikes: The Details
According to XRPScan , XRP payment volume has reached 4.11 billion, marking a 1,300% increase in a single day. Despite the token’s price remaining stable, payment volume has increased from 295.67 million the previous day to this extraordinary figure.
On June 9, XRP payments hit a monthly high of 1.1 million, with on-chain payment activity up 117.41% over the past 24 hours. The token’s price, however, is holding steady, hovering between $2.21 and $2.32.
Rising payment volumes could solidify exposure to XRP ’s utility , setting it apart from other altcoins struggling to demonstrate practical applications. Despite Ripple’s regulatory challenges in the U.S., its global expansion and growing transaction processing capacity could rekindle investor interest.
An XRP community member commented on Reddit :
“We are seeing real utility in action and it is exactly what we expected.”
XRP ETF Share Pledge: Is This the Reason for the Payout Spike?
Ripple and XRP Ledger have made significant progress in recent days, likely contributing to this growth. For example, XRP Ledger has confirmed its leadership in tokenization with new partnerships with Ondo Finance and Guggenheim.
Growing speculation about an XRP ETF being approved in 2025 has further fueled excitement. According to Polymarket , the approval odds have risen to 87%. Adding to the hype, Bloomberg analyst Eric Balchunas predicted an “altcoin ETF season ,” following the SEC’s recent moves on Solana ETF applications.
Optimism is further supported by upcoming decisions on XRP spot ETFs . As reported by other sources, the SEC will rule on Franklin Templeton’s filings by June 17, and on the ProShares XRP exchange-traded fund by June 25, 2025.
However, the Ripple lawsuit and other factors cloud the outlook, dampening investor enthusiasm. Ripple ’s recent acquisitions , coupled with the increase in XRP payment volume, have boosted investor confidence. This could push XRP’s price to new highs.
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