XRP Ledger payments volume hits 1.16 billion XRP, well short of record
In brief
- XRP Ledger payments reached 1.16 billion XRP on November 9, per XRPScan data cited by U.Today.
- Payments volume rose 207.4% in 24 hours but remains far below the 7 billion XRP all-time high.
- Weekend-to-Monday transition drove the spike, U.Today said, a period when volume jumps are normal.
- XRP price stood at $1.09, per U.Today, above the $1 level last broken in mid-August.
A weekend-to-Monday spike
The 1.16 billion XRP print is roughly double the ledger's 30-day average of 580.6 million XRP, per XRPScan data. U.Today put the jump down to timing: it came as weekend trading turned into Monday trading, a window where volume spikes are normal.
It isn't the first spike this autumn, either. According to XRPScan figures reported by U.Today, the ledger moved about 1.8 billion XRP on October 30, and payments volume reached about 1.9 billion XRP on September 25. October was mostly the opposite story (volume struggled to stay above 800 million XRP and nearly dropped to zero on October 24).
None of this is a record.
Price is heading the other way
U.Today said XRP's price was moving in the opposite direction, with the bear market worsening over the past weeks and the asset losing a substantial part of its value. XRP was trading at $1.09 at the time of the outlet's report. By U.Today's account, it hadn't been below $1 since mid-August, which is when it dropped under that level for the first time since November 2024.
The outlet described XRP as near the $1 level and said a break below it could allow a rapid decline. That's U.Today's analysis, not a forecast from this desk.
Fear, or just Monday?
U.Today's reading of the volume is a bearish one. The outlet said rising payments volume reflected investor fear, with investors most likely moving funds to exchanges to sell. That's the outlet's interpretation of the data.
The spike also looks like it's fading. On November 10, volume was already falling back toward 300 million XRP with the day not yet over, which U.Today said suggested the move might be short-lived.
