The XRP Ledger (XRPL) has recently experienced an extraordinary surge in its on-chain activity, with payment volumes between accounts skyrocketing by an astonishing 500%. This dramatic increase points to a significant boost in transactions and overall address engagement on the blockchain, marking one of the most substantial spikes recorded throughout the year.
XRP's Transaction Volume Soars to Record Highs
According to data compiled by XRPScan, a colossal 844,516,631 tokens were processed in payments across XRP Ledger accounts on August 18, 2025. This figure starkly contrasts with the average daily flows observed earlier in the month and represents a more than 500% leap from the previous day's volume of 159,685,255 tokens. Historically, such pronounced bursts in on-chain activity often indicate burgeoning adoption, whether driven by institutional involvement, heightened retail participation, or strategic repositioning by large token holders, and frequently precede notable price movements. Further data reveals that July also saw an even more elevated period of activity, logging 1.41 billion payments on the 21st, suggesting a pattern of increasing network utilization.
Whale Activity and Market Volatility Keep Prices Subdued
Despite this impressive upswing in on-chain engagement, XRP's price has not mirrored the bullish sentiment, instead dropping approximately 10% over the past week to trade around $2.89. Crypto exchange XChangeOn attributes this price decline to significant "whale selling" and persistent market volatility. Over a mere ten-day period, a staggering 470 million XRP were offloaded, with several individual transfers exceeding 100 million tokens each, predominantly directed towards the Binance exchange. This behavior suggests that major investors are either cashing in on profits accumulated during earlier price dips (when over $360 million worth of XRP was acquired) or are strategically reallocating their assets in anticipation of broader market shifts.
Navigating Future Support Levels and Potential Recovery
The ongoing selling pressure has put XRP at risk of retesting crucial support levels, specifically between $2.70 and $2.50. From its current price point, this signifies a potential further decline of approximately 6.6% to 13.5%. Should the downward pressure persist, the cryptocurrency is likely to experience additional short-term weakness. However, analysts suggest that a decrease in token inflows to exchanges, coupled with renewed accumulation by large holders, could act as vital stabilizing forces. Such developments would strengthen XRP's underlying fundamentals, potentially laying the groundwork for a new wave of market interest and a subsequent price recovery.
