XRP Ledger payment volume jumped to 1.16 billion XRP on November 9, a 207.4% increase within 24 hours and nearly double the 30-day average of 580.6 million XRP, according to XRPScan data. The spike pushed daily transferred value back above the 1 billion XRP threshold, but it remained well below the network’s all-time high of roughly 7 billion XRP.
The latest increase follows other elevated transfer episodes. On October 30, payment volume reached approximately 1.8 billion XRP, while September 25 recorded about 1.9 billion XRP. A separate surge above 1.33 billion XRP occurred on November 1. In contrast, October activity was often weak, struggling to stay above 800 million XRP and briefly falling close to zero on October 24 before recovering.
Despite the on-chain rebound, XRP’s price remained under pressure. The token traded near $1.09 in one snapshot and around $1.06 on CoinMarketCap in another, down roughly 2.6% over 24 hours and more than 22% over the previous month. XRP last briefly traded below $1 in August after an extended period above that level since November 2024. The $1 support level has become a key psychological threshold, and a breakdown below it could expose XRP to additional selling pressure.
By November 10, payment volume had already declined toward 300 million XRP, although the day was incomplete. This volatility highlights that large transfer activity does not necessarily indicate broader user demand or buying pressure. The data shows stronger movement of XRP between accounts, but the metric cannot distinguish between adoption, exchange flows, institutional transfers or concentrated automated activity. The divergence between rising network payments and falling price underscores the difference between blockchain usage and market demand.
