TL;DR
XRP Ledger payment volume reached 1.16 billion XRP on November 9, rising 207.4% in 24 hours and exceeding its 30-day average of 580.6 million XRP.
The surge was not a record, with payment volume previously reaching about 1.8 billion XRP on October 30 and 1.9 billion on September 25.
XRP traded near $1.06 on CoinMarketCap, down roughly 2.6% in 24 hours, showing no price recovery alongside the onchain activity spike.
XRP Ledger payment volume returned above 1 billion XRP on November 9 even as the token’s market price remained under pressure overall. XRPScan data showed 1.16 billion XRP transferred through payments, up 207.4% over 24 hours and well above the 30-day average of 580.6 million XRP. The milestone measures XRP transferred through payment transactions, not the number of individual payments or users. At drafting time, XRP traded near $1.06 on CoinMarketCap, down about 2.6% over 24 hours. The divergence adds another data point to activity around XRP and the XRP Ledger .
Payment Volume Rebounds While XRP Price Remains Weak
The November 9 spike was substantial but not a record for the network. XRP Ledger payment volume reached roughly 1.8 billion XRP on October 30 and about 1.9 billion XRP on September 25, while the all-time high remains near 7 billion XRP. Crossing 1 billion XRP therefore marks a sharp rebound in daily transfer value rather than a historic network record. The latest move also follows a November 1 surge above 1.33 billion XRP, when XRP Ledger payment activity jumped sharply after a quieter end to October.
Payment volume had been much weaker during parts of October, struggling to remain above 800 million XRP and falling close to zero on October 24 before recovering. The latest spike shows that large amounts of XRP are again moving between accounts, but the metric alone cannot establish whether activity comes from broader adoption, exchanges, institutional transfers or a smaller number of large transactions. Higher payment volume should therefore be read as stronger transfer activity, not automatically as evidence of stronger user demand. Earlier XRPL payment-volume episodes have also shown that rising transferred value can coexist with weaker market liquidity.
Price action remained notably softer. CoinMarketCap showed XRP near $1.06, with a 24-hour range between approximately $1.06 and $1.11, while the token was down more than 22% over the previous month against USDT. The network’s higher payment volume has not translated into an immediate price recovery. The earlier market snapshot also noted that payment volume was already falling toward 300 million XRP on November 10, although the day was incomplete. That volatility reinforces the need to distinguish temporary onchain spikes from sustained network trends, especially when XRPL activity indicators can be heavily influenced by concentrated or automated flows.
