To be honest, no one expected it to come this fast and this strong. But the real question now is: where is this crazy surge actually taking us? Payment activity on the XRP Ledger suddenly skyrocketed by 1100%. Yes, you read that right—11 times higher. This is the second-largest increase recorded in the past 365 days. Sounds explosive at first, but if you look at this number alongside price trends and market structure, the story gets a lot more complicated. The network definitely had a burst of excitement: payment volume and transaction count shot up in an instant, almost reaching the frenzy of the early cycle. But here’s the problem—activity doesn’t equal gains. The XRP candlestick chart makes this very clear: the price is stuck in a clear descending channel, and every time it tries to nudge up toward the 20-50 period moving averages, it gets pushed back down, stalling at the midline. Momentum? Pretty weak. RSI is hovering around 40, and the buying volume on green candles? Nothing special. That recent bounce from the bottom of the channel looks more like a mechanical technical correction—basically an instinctive rebound after hitting trendline support, not a sudden comeback of buyers. So why did the trading volume suddenly explode? Looking back at previous peaks in XRP Ledger activity, there are usually two scenarios: either it’s driven by real, practical demand—like a surge in ODL cross-border settlements or large institutional transactions; or it’s just a lot of noise—often wash trading, automated systems churning to create artificial numbers. Judging by the current situation, this time it looks more like the latter. Don’t get too excited yet—let’s wait and see if this can actually turn into real capital inflows and a price breakout before jumping to conclusions.

XRP ETF clients just scooped up another $38.04M worth of tokens. That pushes the total net assets sitting in these funds to a hefty $922.71 million now. The buying pressure from institutional vehicles keeps stacking up—seems like ETF investors are doubling down on their XRP exposure while the broader market watches these numbers closely.