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.
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.
