XRP News Today: XRP Ledger Activity Surges 50% as Price Hits $3.70

XRP Ledger activity has surged significantly, with daily transactions reaching $1.4 billion, marking a 50% increase. This surge coincides with the price of XRP hitting $3.70, surpassing its 2018 peak. The heightened activity on the XRP Ledger suggests a growing interest and confidence in the asset, potentially signaling a bullish trend for the cryptocurrency. The recent price movement has also seen XRP's market capitalization cross $215 billion, placing it firmly in third place among cryptocurrencies by this metric. This surge in market cap, from $185 billion the previous day, underscores the asset's increasing prominence in the crypto market.

The spike in ledger activity may indicate growing investor confidence in XRP's long-term potential. The reappearance of a Golden Cross in the Market Value to Realized Value (MVRV) ratio could mark the start of a new rally. This technical indicator previously preceded a significant price explosion for XRP, suggesting that the current market conditions may be similarly bullish. Traders and community members are closely watching these developments, with some predicting that XRP could reach price targets as high as $22, representing a 500% increase from current levels.

On July 19, 2025, a major transaction of 20.5 million XRP was recorded moving to Coinbase. This transaction, worth over $70 million at the time, indicates significant market movement and speculation potential. The growing enterprise adoption of blockchain technology is vital for the next phase of digital transformations. The market showed signs of expanded utility with institutional transactions driving XRP's price. Key metrics like moving averages suggest an evolving XRP price trajectory. Past XRP cycles have seen similar trends, signaling potential future outcomes.

XRP's speed and low cost set it apart from other cryptocurrencies, making it a potential game-changer in the global payments sector. Its ability to facilitate fast and cost-effective transactions positions it as a strong contender in the competitive crypto market. As the market continues to evolve, XRP's unique advantages could drive further adoption and investment, potentially leading to sustained growth and increased market share. The optimism surrounding XRP is not solely based on technical analysis. Growing institutional interest and improving market sentiment are also contributing to the speculation that this cycle could deliver XRP's long-awaited all-time high. The recent price action has seen XRP reach a new high of $3.70, surpassing its 2018 peak of $3.40. This performance is impressive and comes after a long period of consolidation, further fueling the bullish sentiment.