XRP News Today: XRP Surges 66.09% as Ledger Activity and DEX Volumes Skyrocket

XRP, the cryptocurrency associated with the Ripple network, has seen a significant surge in activity on its ledger, with daily transactions exceeding 830,000, over 29,000 active addresses, and more than 10,000 individual traders. This surge is driven by increased demand from meme coins and stablecoins, as well as a significant rise in decentralized exchange (DEX) volumes, which recently surpassed $12 million. Stablecoin transfers remain robust, averaging $5.6 million per day, while meme coin volumes on XRPL brought in $6.25 million, indicating broader interest beyond traditional payments. XRP itself is currently priced at $3.56, reflecting a rise of over 66.09% in just the past month, with its total market capitalization surpassing $209 billion.

This renewed optimism comes as the ledger shows signs of strengthening beyond its original design for cross-border payments. The launch of XRPL’s EVM-compatible sidechain on June 30 added a new option for growth, with over 1,400 smart contracts created in the first week alone, and more than 1,300 active today. This has extended XRPL’s application beyond just payments, attracting developers and new institutional use cases. Ripple’s stablecoin, RLUSD, is entering the $685 billion global remittance market, with more activity expected in peer-to-peer transfers, DeFi, and remittance channels, which could increase transaction volume. As more liquidity builds on-chain, interest in XRP may rise, potentially lifting its price.

Ripple has global ambitions that are being manifested as legacy infrastructure slows down. The long-standing global payment system, SWIFT, experienced a 15% decline in the number of transactions. Comparatively, XRPL is picking up speed with faster settlements, alongside lower payment fees. Ripple CEO Brad Garlinghouse recently stated that in five years, the XRPL would be processing 14% of the global SWIFT traffic. With the SWIFT processing $150 trillion per year, that percentage would be processing over $21 trillion in volume through the XRPL. These figures show why important players in the area of finances are focusing more attention on the Ripple ecosystem. RippleNet, on the XRPL, now transacts billions in international transfers. Banks are transitioning due to reduced reliance on pre-funded accounts and settlement within three to five seconds. Seamless global payments are gaining popularity due to rising applications in the spaces of banking in addition to fintech.

Technical analysts foresee XRP hitting $45 following increased Ledger activity. Egrag Crypto predicts XRP will reach $45, driven by increased XRP Ledger activity and decreased SWIFT volume. The prediction leverages historic trading cycles, highlighting XRP's multi-year trading precedents and technical chart patterns. An anticipated XRP price increase could significantly alter current market dynamics, potentially impacting associated assets like Ethereum and Bitcoin and sparking further interest in XRP-related investments. Egrag Crypto's analysis suggests increased XRP Ledger activity could forecast a significant price surge to $45. Historical precedents show XRP previously followed extended sideways trading before large upward moves. The lack of official comments from Ripple executives suggests this projection is analyst-driven rather than company-led.

This XRP price prediction might affect market sentiment, with users on crypto forums discussing potential asset realignment. Although official confirmations from regulatory bodies are absent, the narrative aligns with potential shifts in value from traditional financial systems like SWIFT. An increase in XRP usage could result in fintech experimentation, with long-term implications for cross-border payments. Potential regulatory challenges remain, with historical responses from financial authorities influencing outcomes. The analyst-driven nature of the forecast means a reliance on past cycles and ledger engagement data. Widespread adoption could transform financial sectors, contingent on technological adaptation and potential market volatility.

Analysts have flagged patterns that were present before XRP’s previous rally. One analyst, The Great Mattsby, pointed to a re-expansion of monthly Bollinger Bands—similar to the setup seen in 2017 when XRP gained 1,300%. Based on Gann-based models, he estimates a possible XRP price of $45 if those conditions repeat. Crypto expert The Great Mattsby highlights a bullish technical setup for XRP. The monthly Bollinger Bands are expanding, a signal last seen before XRP’s historic 1,300% rally in 2017. His Gann-based analysis now aligns XRP’s price target around $45, marking a similar potential breakout. With institutional rotation toward XRPL, rising real-world adoption, expanding DeFi activity, and strong technical signals, experts believe XRP is positioned for a significant bull run. If projections hold, XRP could be entering a new phase of growth that mirrors or even exceeds the 2017 cycle.