XRP is witnessing a significant increase in payment volumes against the backdrop of a recent bull market, indicating rising interest in the asset.
Increase in Payment Volumes on XRP Ledger
According to XRPSCAN, the payment volume on the XRP Ledger reached $1.4 billion on July 18, a level last seen in February 2025. Over the past day, 1,408,887,886 XRP were transferred, marking a 200 million dollar increase compared to the previous day.
XRP Growth and Investor Attention
The rise in payment volumes for XRP has captured investors' attention, thereby strengthening their confidence in the asset's future. XRP, the third-largest cryptocurrency by market capitalization, also witnessed an increase in the number of transactions, reaching approximately 1.4 million payments the previous day.
Need for Continued Monitoring of XRP
The recent surge in XRP's activity comes as no surprise, as it coincides with a bullish trend that has brought the token close to its 2018 all-time high of $3.84. Data from CoinMarketCap shows that the token has increased significantly by 22.39% over the last seven days and is currently trading at $3.46, despite some price correction in the last four hours.
The increase in volumes and XRP activity in the past days highlights the growing interest in the cryptocurrency, which may signal a positive future in the market.
