XRP Ledger's payment transaction volume, led by Ripple, surged by 49.91% in just one day, reaching $681.95 million (approximately 948.6 billion won). This figure demonstrates that the XRP price's upward trend is rapidly spreading to on-chain activities, drawing renewed investor attention.
As the cryptocurrency market shows an upward curve centered on major cryptocurrencies, XRP is also displaying active movement in both price and trading volume. According to the on-chain data platform XRPSCAN, XRP Ledger's daily payment transaction volume increased from $454.85 million (approximately 632.8 billion won) on June 22 to approximately $681.95 million (approximately 948.6 billion won) in just one day. This is interpreted as a signal of expanding global remittance demand for XRP and increasing adoption of institution-centered payment solutions.
While the specific catalyst for this trading volume surge has not been clearly identified, some speculate it may be related to large-scale exchange internal transfers or institutional rebalancing strategies using XRP. Moreover, the concurrent increase in trading volume and XRP price indicates that market interest is focusing on XRP's role as a *payment infrastructure* beyond mere speculation.
A particularly noteworthy factor is the impact of the XRP Exchange Traded Fund (ETF) gaining attention in the North American market. The 3iQ XRP ETF, which began trading on the Toronto Stock Exchange (TSX), has recorded rapid growth immediately after its launch, driving market expectations. This fund has quickly established itself as Canada's largest XRP-specific ETF, and this has also fueled optimism about potential XRP ETF approval in the United States.
These expectations are immediately reflected in XRP's market price. At the time of reporting, XRP was trading at $2.08 (approximately 2,891 won), a 5.52% increase from 24 hours prior. With institutional inflows and actual usage indicators working in tandem, XRP appears to be re-emerging as a key player in the global payment market, beyond being a simple cryptocurrency investment asset.
Analysts suggest that with the simultaneous occurrence of ETF launch, on-chain trading volume surge, and market price increase, XRP has a high likelihood of demonstrating strong upward momentum in the near future. In the medium to long term, if XRP's utility expands, its credibility as a 'value storage' means is expected to naturally rise among investors.
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