XRP Ledger payment volume rebounds 386% in a day, U.Today reports
In brief
- XRP Ledger payment volume rose 386% over 24 hours, according to U.Today.
- Daily volume reached about 583.3 million XRP, below the roughly 638 million XRP 30-day average.
- The 386% jump came off an unusually low base, U.Today said.
- XRP held near $1.51, inside a $1.48–$1.53 range, per U.Today's analysis.
A rebound from a low base
That context matters. A 386% move sounds dramatic, but U.Today said it's measured against an unusually low prior reading. It wasn't a record day on the ledger.
The outlet's own chart reading puts the number in perspective. Over the past year, the XRP Ledger has several times recorded daily payment volumes above one billion XRP (with some spikes above two billion), according to U.Today. By that standard, the 583 million reading isn't unusually high. U.Today said the speed of the rebound was the notable part.
Where XRP's price sits
XRP was holding at about $1.51 at the time of the report. The token has been consolidating since a September breakout that took it from roughly $1.30 toward $1.60, and U.Today said recent price action has stayed in a narrow $1.48–$1.53 range after several failed attempts to restart the rally.
In U.Today's technical analysis, XRP trades above a rising short-term moving average near $1.45 and above longer-term averages clustered around $1.35–$1.40. The outlet put the RSI in neutral-to-bullish territory and said it doesn't signal an overheated market. Its analysis said XRP needs to reclaim about $1.55 before testing major resistance at $1.60–$1.65, while a drop below $1.45 would significantly weaken the current setup.
What would make it a trend
U.Today called the payment-volume recovery a positive on-chain signal. It also added a caveat.
By the outlet's own account, one day doesn't make a trend.
U.Today pointed to two markers. A sustained move above the 638 million 30-day average would be stronger evidence that activity is speeding up rather than just returning to normal, it said. A return above one billion XRP in daily payment volume would make the change much more significant. Neither threshold has been crossed yet (the latest reading sits below both), so for now it's a recovery in the data and not a breakout.
Frequently asked questions
Why did XRP Ledger payment volume jump 386%?
According to U.Today, the 386% daily increase looks large mainly because activity bounced back from an unusually low level. The rebound took daily payment volume to about 583.3 million XRP, which is still slightly below the 30-day average of roughly 638 million XRP.
What would show XRP Ledger activity is actually accelerating?
U.Today said a sustained move above the 638 million XRP 30-day average would be stronger evidence that activity is speeding up rather than just returning to normal. A return above one billion XRP in daily payment volume would make the change much more significant, the outlet said.
