XRP Ledger payments volume surges 207%, price nears $1 threshold

XRP Ledger payments volume experienced a significant increase, reaching 1.16 billion XRP on November 9, according to data from XRPScan. This jump represented a 207.4% rise in transaction activity within the past 24 hours, although the figure remains well below the network’s record of 7 billion XRP in a single day. Despite the recent jump, the 30-day average payment volume on XRP Ledger stood at 580.6 million XRP, indicating that the spike is notable but not unprecedented for the network. Previous surges in payment volume have also been observed over the past several weeks. For example, on October 30, the ledger processed approximately 1.8 billion XRP, while late September saw even higher activity with a daily volume near 1.9 billion XRP on September 25.

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