Huge XRP Price Surge of $1.48 Billion Brought the Market $8 Million in Profit

Thanks to a $1.48 billion surge in payment volume, XRP has shown the highest network activity in weeks. This movement almost fully coincided with an $8 million increase in market value. This is not random volatility. Exactly at the moment when XRP’s price structure begins to show the first signs of recovery, a fundamental spike in network usage appears.

The Steady Decline of XRP

Since early October, XRP’s price has been steadily falling. With sellers firmly in control, all attempts at upward movement failed due to declining moving averages. However, the latest candle breaks this pattern: it is one of the strongest green candles since the correction began, as the price sharply bounced from the lower boundary of the channel.

This move was accompanied by a significant rise in XRP Ledger transaction volume, meaning it was not just speculative. The most notable metric was the sharp spike of $1.48 billion in payment volume. Over the past three months, this was one of the most significant increases. Such sudden spikes usually indicate large transfers related to institutional activity, utility-driven needs, or sudden surges in network demand.

Together, these metrics suggest an important structural insight: despite the price decline, the network is not degrading — its activity is actually rising.

What Does This Mean for the XRP Market?

The short-term picture looks better. The RSI indicator is moving toward neutral, and the price is returning to the mid-channel area, suggesting that immediate selling pressure has finally eased.

For bullish continuation, more is needed. The next battle will occur near the upper boundary of the channel and the 20-day EMA. This bounce remains a counter-trend rally only if these levels do not break.

Growth may fade if trading volume does not support it. If payment volume returns to baseline levels, the price rebound will likely stall, and XRP may retest the $2.00–$2.05 range.

See also: "US Banks Finally Receive Approval to Custody Ethereum Amid Surging Demand for Cryptocurrency"

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