The payment volume of XRP's ledger has surged to an all-time high, gaining attention on the chain.
According to data from XRPSCAN, the cryptocurrency market has experienced an epic bull market in recent days, with XRP's on-chain payment activity sharply increasing.
On July 18, the payment amount from one account to another on the XRP ledger exceeded $1.4 billion, a level not reached since February 2025.
While a total of 1,408,887,886 XRP was transferred in large payment activities over the past day, this marks a significant increase compared to the $1.2 billion payment volume achieved the previous day.
This significant increase has caused XRP's ledger payment volume to reach a five-month high. Notably, as the third-largest cryptocurrency by market capitalization, the number of inter-account payments of XRP has also surged, reaching approximately 1.4 million the previous day.
The surge in XRP payment volume has attracted the attention of investors, boosting their confidence in the asset's future price prospects. Nevertheless, this positive indicator still reflects confidence in the token's market performance, as it indicates increasing global interest in the use of XRP.
XRP is close to its all-time high from 2018.
The surge in XRP's on-chain activity is not surprising, as it coincides with a dramatic bull market when the token's price is approaching the historical high of $3.84 set in 2018.
Data from CoinMarketCap shows that the token has surged by 22.39% over the past seven days, becoming a focal point for major market participants.
Nevertheless, as of the time of writing, XRP's trading price remains at $3.46, although its rapid rise has slowed somewhat, and there has been a significant price adjustment in the past four hours.
The increase in XRP's payment volume on XRPL is not surprising, as the token continues to receive global attention, while its cross-border payment activities have significantly increased, and speculative activities have been rising ahead of its highly anticipated ETF launch.
With the strong growth of XRP's on-chain activity, its price momentum seems far from over. Therefore, both retail and institutional investors are closely monitoring its on-chain performance amid rising optimism.
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