UToday • October 6th 2026, 10:25 AM
XRP Ledger Prints 386% Comeback in Important Metric
Key Summary
XRP Ledger has experienced a significant 386% surge in payment volume over the past 24 hours, reaching approximately 583.3 million XRP, indicating a rapid recovery from a weak reading. The rebound brings daily payment volume closer to its recent normal range, but sustained volumes above the 30-day average are needed to confirm a trend.
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Key Takeaways
- XRP Ledger has seen a 386% surge in payment volume over the past 24 hours.
- The rebound brings daily payment volume closer to its recent normal range.
- Sustained volumes above the 30-day average are needed to confirm a trend.
Market & Token Impact
- The 386% payment-volume recovery adds a positive on-chain signal for XRP.
- XRP's price is holding relatively firm at approximately $1.51.
- The asset continues consolidating following September's breakout, with recent price action forming a relatively narrow range around $1.48-$1.53.
Broader Context & What's Next
- A sustained move above the 638 million 30-day average would provide stronger evidence that transactional activity is accelerating.
- Returning above one billion XRP would make the change considerably more significant.
- XRP's technical indicators, such as the short-term moving average and RSI, are in neutral-to-bullish territory, indicating a positive trend.
- However, XRP needs to reclaim approximately $1.55 before challenging the major $1.60-$1.65 resistance region.
- Losing $1.45 would materially weaken the current setup.
- The next question is whether the recovery can persist and whether XRP can sustain volumes above the 30-day average to confirm a trend.