According to XRPSCAN data, the epic bull run seen across the Crypto market over the past few days has witnessed XRP dramatically surge in payment activity on the chain.
Payments from one account with an XRP ledger to another account exceeded $1.4 billion on July 18th, reaching its last in February 2025.
A total of 1,408,887,886 XRP was moved to large payment activities on the last day, showing a significant increase from the $1.2 billion payment volume achieved the previous day.
This massive surge has led to XRP ledger payments reaching five months' high. In particular, the third largest cryptocurrency by market capitalization also steadily increased the number of payments from one account to another, achieving around 1.4 million payments the day before.
This surge in XRP payment volume has attracted investors' attention, and thus strengthens confidence in the future price outlook for the assets. Nevertheless, positive metrics are bullish against the market performance of tokens, as they reflect a growing interest in XRP usage across the global market.
XRP approaches 2018 ATH
It's not surprising, as XRP's surge in on-chain activity coincides with the dramatic bull run, which has brought the token blow closer to the notable $3.84 all-time high (ATH) achieved in 2018.
CoinMarketCap data shows that tokens have increased by 22.39% over the past seven days as tokens have become a hot topic among key market participants.
Nevertheless, XRP is trading at $3.46 at press time despite slowing down the rapid surge and showing a decent price correction in the last four hours.
XRP's XRP payouts are no surprise. Token continues to gain traction across global space, witnessing a noticeable rise in cross-border payments activities and rising speculation ahead of the much-anticipated ETF launch.
This impressive surge in on-chain activity does not seem to have ended XRP's continued price rallies. Therefore, retail and institutional investors are closely monitoring performance on the chain amid growing optimism.
