Onchain payment activity on the XRP network has increased significantly in recent months. According to data from on-chain data platform XRPSCAN dated July 18, the total volume of inter-account transfers via XRP Ledger exceeded $1.4 billion, reaching the highest level since February 2025. A total of 1,488,878,886 XRP units changed hands on the day, compared to a trading volume of $1.2 billion the day before. The number of daily transactions on the XRP Ledger also increased steadily, reaching approximately 1.4 million transactions. Related News: Following the Market Rally, Justin Sun Transfers a Controversial Large Amount of Altcoins to Binance This rise indicates growing user interest in XRP. The increase in XRP's on-chain activity also aligns with the overall upward trend in the cryptocurrency market. The XRP price is nearing its all-time high of $3.84, reached in 2018. Meanwhile, a crypto wallet belonging to Ripple co-founder Chris Larsen sent $26 million worth of XRP to Coinbase on Tuesday. The transfer occurred on the same day that the XRP price hit a seven-month high. While it is unclear whether Larsen sold these XRPs, such large transfers to centralized exchanges are often seen for resale purposes. *This is not investment advice. Continue Reading: Unprecedented Activity Begins on the Ripple (XRP) Network in Recent Months – Here Are the Data
