XRP: 1,727,602,016 in 24 Hours, Enormous Skyrocket

One of XRP’s most aggressive short-term rallies was just recorded, supported by a significant increase in on-chain activity in addition to technical momentum. The most recent data on payment volume shows that on July 18, XRP recorded over $1.07 billion in transfers between accounts, the most in over a month.

This suggests that the ecosystem is moving deeply and that investor confidence has returned. XRP is exploding in terms of price. The asset saw a nearly 50% run in less than three weeks, rising from less than $2.40 in early July to over $3.60. It turned all of the major resistance levels: $2.39, $2.68 and most recently $2.80, into support zones by blasting through them.

Given that the RSI is above 84 and getting close to overbought territory, a brief cooling down may be imminent. But the recent spike in transaction volume raises the possibility that this isn’t merely a speculative break. All three major moving averages support the technical picture’s strong upward momentum: The price is well above the 50, 100 and 200-day lines, which are curling up.

The recent high of about $3.64 is the most important level to monitor in the near future. The road to the psychological barrier of $4.00 would become accessible with a verified breakout above this. Watch for rebounds at $2.80 and $2.39, which were both previously resistance levels and could now serve as demand zones if a correction begins.

The surge in on-chain payment volume might be seen as a sign of a wider change in the network’s usage, or as institutional positioning or a rush of utility-driven movement within XRP Ledger. Medium-term rallies or at least persistent price action have historically followed spikes in payment volume of this magnitude, especially if the trend continues.

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