XRPL payments volume jumped 207.4% to 1.16 billion XRP on November 9. The spike hit as XRP traded near $1.09 under broader market pressure. Network transfer activity rose while the token stayed soft, so the print measures ledger use, not a fresh bid.
Why XRPL Payments Volume Climbed Above 1 Billion XRP
XRPScan’s Payments Volume tracker put XRP Ledger payments volume at about 1.16 billion XRP on November 9. That was a 207.4% daily jump. It also nearly doubled the 30-day average of 580.6 million XRP.
The session still sat below earlier peaks. XRPScan shows payments volume near 1.9 billion XRP on September 25 and about 1.8 billion XRP on October 30.
October was quieter. Daily payments volume often stayed below 800 million XRP. The November 9 surge also followed a weekend stretch, when thinner desks can leave room for short-lived spikes.
Payment volume counts XRP moved through Payment transactions. It shows value crossing the ledger. It does not say why users sent those transfers.
XRP Price Weakness Versus Rising Ledger Activity
XRP stayed under pressure even as payments volume rose. CoinMarketCap had the token near $1.07 on November 10.
XRPScan also showed payments volume falling toward 300 million XRP on November 10. That total was still provisional. Later transactions can lift a day’s final print.
The two gauges answer different questions. Payments volume tracks transfers on the ledger. XRP’s price tracks crypto market demand.
Official XRP Ledger Payment docs say Payment transactions cover direct transfers and related payment ops. A higher payment print, then, does not prove stronger buying pressure or investor demand.
The latest figure shows a sharp one-day jump in payment activity. Steady gains over later sessions would make a firmer case for broader network use.
For now, the 1.16 billion XRP reading is a large daily move. Earlier spikes also show that elevated activity can fade quickly.
The post XRPL Payments Volume Jumps 207% to 1.16B XRP appeared first on Live Bitcoin News.
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