XRP Ledger Records a Sharp Increase in Activity, With Payment Volume Spiking 1300%

The XRP Ledger recorded a sharp increase in activity, with payment volume rising 1300% to 4.11 billion in 24 hours. This major shift coincides with growing anticipation

The price of XRP is up slightly over the past 24 hours, with the token now trading at $2.23 at the time of writing. It comes as trading volume on the XRP Ledger saw a 1,300% surge.

What Happened, Quickly

The price of XRP is up slightly over the past 24 hours, with the token now trading at $2.23 at the time of writing. It comes as trading volume on the XRP Ledger saw a 1,300% surge.

As of Friday morning, XRP payments reached a 24-hour high of 4.11 billion, compared to 295.67 million the previous day. On-chain payments also rose to 1.1 million, hitting a monthly peak as of June 9.

This signaled a rapid increase in activity across the XRP ecosystem.

The major shift in trading volume comes as anticipation for a potential XRP ETF reached fever pitch. The probability of an approval now stands at 87%, according to data from Polymarket.

Those bullish on an approval include analysts at Bloomberg, who suggested the arrival of an “Altcoin ETF Season” may be on the cards following developments around Solana (SOL) ETF proposals.

Two major applications for an XRP ETF are still pending a decision from the SEC. Franklin Templeton’s iShares Series Trust is due a ruling by June 17, while an application from ProShares is expected by June 25.

Together, these developments could unlock broader participation in crypto markets through traditional financial products.

What’s Next For XRP

The price of XRP has remained relatively flat throughout June so far, with the token trading in a band between $2.21 and $2.32.

The minimal price fluctuations come despite significant changes in transactional data, which highlight a surge in activity and network utility.

XRPScan data shows that payment activity increased by 117.41% in just one day, marking a significant uptick in real-world blockchain usage.

This operational growth could be a factor in the positioning of XRP as a utility-driven digital asset. In turn, increased throughput may support further adoption ahead of key regulatory milestones.