XRP News Today: XRP Sees $29 Million Trade Spike, Price Up 2.3%

XRP, a prominent digital asset, has recently experienced a surge in trading activity, with a staggering $29 million worth of XRP changing hands in just one minute. This sudden burst of activity has drawn global attention, highlighting XRP's growing significance in the digital asset landscape. Such intense trading volumes are unusual, even for a large-cap asset like XRP, and typically indicate coordinated activity by whales or institutional players. These entities are capable of executing massive trades without disrupting market equilibrium, suggesting that big players are maneuvering in preparation for something significant.

This recent spike in activity aligns with historical patterns where similar volume bursts have preceded major price movements. The $29 million spike suggests that large holders are once again active, potentially reshuffling liquidity or positioning for a breakout. This surge in trading activity comes at a time when XRP's daily volume has already exceeded $8 billion, reflecting rising investor confidence and liquidity across global markets.

At the time of writing, XRP is trading at $3.52, up 2.3% over the past 24 hours. The token recently touched a local high of $3.66, its strongest level since January, and continues to show signs of strength. Week-on-week, XRP has climbed over 23%, breaking through key resistance zones and reigniting discussions about new all-time highs. This rally is fueled by broader macro developments, including the approval of U.S. crypto legislation such as the GENIUS Act, increased clarity around digital asset taxation and custody rules, and the prospect of XRP inclusion in retirement accounts and a potential spot ETF.

On-chain metrics further validate XRP’s recent momentum. On July 18, the XRP Ledger processed over $1.4 billion in transaction volume, alongside a 50% increase in active wallet addresses. These figures point to real-world utility and user engagement, not just speculative hype. XRP’s ultra-fast processing time (around 3–5 seconds per transaction) and near-zero fees make the network attractive to payment providers, remittance platforms, and fintech innovators. These fundamentals differentiate XRP from many of its peers in the digital asset space, making it well-suited for real-time, high-volume use cases.

The explosive $29 million trade spike is more than a fleeting anomaly; it’s a strong signal of heightened interest and capital inflow. While volatility remains part of the equation, XRP appears to be entering a more mature phase of its market cycle. If bullish sentiment holds and regulatory clarity continues to unfold, XRP could retest its all-time high of $3.84 and potentially aim for higher targets. However, success will depend on sustained volume, continued adoption, and broader market stability. All eyes remain on XRP as the speed and scale of recent developments suggest that the asset is once again commanding the spotlight, and perhaps, preparing for its most significant breakout yet.