XRP Ledger Activity Soars with 824M XRP in Payments as Bullish Trend Accelerates

XRP payment volume on the XRP Ledger skyrocketed from 300 million to over 824 million XRP in a single day, signaling renewed bullish momentum and rising investor confidence. According to XRPSCAN data, a total of 824,473,127 XRP were transacted for payment purposes on May 7, marking a significant spike in on-chain activity.

This dramatic rise in volume comes as XRP breaks past a key resistance level of $2.21, now trading at $2.31—a 9.38% price increase in just 24 hours, per CoinMarketCap. Alongside this price surge, XRP's trading volume and market capitalization also climbed by 13.28% and 9.20% respectively, underscoring growing demand.

The surge in network activity appears to be driven more by buying interest than selling pressure. This is further supported by a jump in the number of active XRP Ledger accounts, which now exceeds 20,000. Such metrics indicate increased engagement from bulls, helping to fuel the token’s upward momentum.

While high payment volume alone isn't always a clear predictor of price action, the current alignment of technical and on-chain indicators suggests strong bullish sentiment in the market. The increase in transactions reflects a robust use case for XRP as a payment protocol, aligning with broader optimism across the crypto space.

Although the exact trigger behind this spike remains unclear, historical patterns suggest that such increases often correlate with major market moves or investor-driven accumulation. With heightened activity and price recovery, XRP is regaining attention as one of the top-performing assets in the ongoing crypto rally.

As bullish momentum continues across the sector, XRP's strengthened fundamentals could pave the way for sustained growth, making it a token to watch closely in the coming weeks.