- XRP network velocity up 40.88%
- What does this mean for XRP?
XRP is still trading in red territory despite the broad crypto market showing signs of a potential rally, where other major cryptocurrencies like Bitcoin and Solana are already showing mild price increases over the last day.
Nonetheless, a key on-chain indicator on the XRP Ledger is flashing a bullish signal, suggesting that XRP’s rally may already be around the corner.
XRP network velocity up 40.88%
According to data from on-chain analytics platform Cryptoquant, XRP network velocity has surged by 40.88% in the past 24 hours, showing signs of renewed activity as momentum appears to be returning to the market.
Usually, such a notable surge in the network velocity of XRP signals a notable increase in how frequently XRP tokens are moving across the network.
Notably, the data further shows that XRP’s velocity now stands at 0.004645, marking one of the sharpest short-term increases seen in recent weeks
What does this mean for XRP?
It is important to note that velocity measures how often a token is transferred within a given period and is widely viewed as a way to measure network usage and transactional demand. A rising velocity often suggests growing participation from traders, institutions or payment-related activity on the blockchain.
As such, the 40% increase in XRP’s velocity seen over the last 24 hours has restored hopes for a potential rally in the price of XRP in the near term.
Despite the spike in activity, XRP’s total supply remains unchanged at 99.9857 billion tokens, indicating that the increase is not driven by new token issuance but by existing coins circulating more actively
This has further triggered optimism among investors, as higher circulation without the production of new supply shows an impressive increase in demand for the concerned asset. As such, XRP might commence its rally soon, where it can reclaim the crucial $2 level once again.
Disclaimer: The information on this page may come from third parties and does not represent the views or opinions of Gate. The content displayed on this page is for reference only and does not constitute any financial, investment, or legal advice. Gate does not guarantee the accuracy or completeness of the information and shall not be liable for any losses arising from the use of this information. Virtual asset investments carry high risks and are subject to significant price volatility. You may lose all of your invested principal. Please fully understand the relevant risks and make prudent decisions based on your own financial situation and risk tolerance. For details, please refer to
Disclaimer.
Related Articles
Bitwise XRP ETF Leads Market With $426M in Cumulative Inflows as XRP ETF Assets Surpass $1B
Gate News message, April 25 — Bitwise's XRP ETF has emerged as the clear market leader in the growing XRP-linked investment product space, pulling in consistent net inflows while competing funds struggle to sustain momentum. According to market tracker Xaif Crypto, Bitwise's XRP ETF recorded net inf
GateNews4h ago
XRP Ledger Records $1.1B Net Inflows Over 30 Days, Surpassing Ethereum's $879M
Gate News message, April 25 — XRP Ledger topped all major blockchains (excluding stablecoins) in net capital inflows over the past 30 days, drawing $1.1 billion according to data from RWA.xyz. Ethereum trailed at approximately $879 million in inflows, followed by Stellar with $643 million and BNB
GateNews5h ago
XRP Price Compression Signals Imminent Breakout as Traders Pause
Key Insights
XRP trades in a compressed range with tightening volatility, signaling a potential breakout phase as market participation slows and price action stabilizes.
Open interest dropped sharply from over $10 billion to $2.5 billion, reflecting reduced leverage and weakening
CryptoNewsLand6h ago
XRP Breakout Holds as XRPL Lending Vote Gains Momentum
Key Insights
XRP maintains weekly strength above major cryptocurrencies as price holds above key EMAs, reflecting sustained momentum despite minor daily declines in trading sessions.
XRPL validators advance lending upgrades through XLS-65 and XLS-66, introducing pooled liquidity vaults and f
CryptoNewsLand7h ago
XRP Breakout Holds as XRPL Lending Vote Gains Momentum
XRP shows weekly strength, trading above EMAs after breaking from a descending wedge; XRPL advances XLS-65/66 lending upgrades with pooled vaults and fixed-term loans; derivatives rise in volume, open interest, and options activity.
Abstract: This report notes XRP's persistent weekly momentum and price strength above key moving averages following a breakout from a descending wedge. It covers XRPL validators voting on XLS-65 and XLS-66, enabling native lending, pooled liquidity vaults, and fixed-term loans to expand on-chain financial activity. It also reports rising derivatives participation, with higher trading volume, open interest, and a surge in options activity, suggesting increasing trader positioning for a continued breakout.
CryptoNewsLand7h ago
XRP Price Nears $1.50 Breakout as Triangle Tightens
Key Insights:
XRP consolidates within a symmetrical triangle, with tightening price action suggesting a potential breakout toward higher resistance levels as bullish momentum continues building.
Supertrend turning green and MACD rising indicate increasing buying pressure, supporting a bullis
CryptoNewsLand7h ago
