Recent months have seen a significant increase in activity on the XRP network, reflecting growing user interest in this cryptocurrency.
Volume of Inter-Account Transfers on XRP Network
According to data from the platform XRPSCAN dated July 18, the total volume of inter-account transfers via XRP Ledger exceeded $1.4 billion, marking the highest level since February 2025.
Increase in Transactions on XRP Ledger
A total of 1,488,878,886 XRP units changed hands on that day, compared to a trading volume of $1.2 billion the day before. The number of daily transactions on the XRP Ledger also steadily increased, reaching approximately 1.4 million.
Chris Larsen's Transfer and Its Significance
Meanwhile, a crypto wallet belonging to Ripple co-founder Chris Larsen sent $26 million worth of XRP to Coinbase on Tuesday. The transfer occurred on the same day that the XRP price hit a seven-month high. It remains unclear whether Larsen sold these XRPs, but such large transfers to centralized exchanges are often viewed as preparatory for resale.
The surge on the XRP Ledger and large transfers from notable individuals highlight the growing interest in XRP amidst the overall rise in cryptocurrency prices.
