Million Dollar XRP Spike: Unnoticed Event Explained
In a notable turn of events, XRP, the fourth-largest cryptocurrency by market capitalisation, has witnessed a significant surge in on-chain activity on June 30, 2025. This surge can be primarily attributed to a sharp rise in payment transactions on the XRP Ledger, with payments accounting for nearly 60% of all network transactions.
The surge in payment transactions, which reached over 1.35 billion XRP, coincides with increased interest from whales and institutional investors. Reports indicate that whale wallets moved hundreds of millions of dollars worth of XRP in the days leading up to June 30, contributing to heightened on-chain transaction volumes. This buying pressure aligns with technical momentum on XRP’s price chart, as the token reclaimed key moving averages near $2.19–$2.20, signalling renewed bullish sentiment and potential for a breakout.
The ongoing legal case between Ripple and the SEC is a notable catalyst for this increased activity. Recent legal clarity and Ripple’s favourable progress have encouraged accumulation and market optimism, which often results in increased on-chain activity as traders position themselves ahead of anticipated regulatory resolutions.
Despite this enormous payment surge, XRP's price performance has remained comparatively quiet. The price of XRP has returned to the $2.20 region after briefly testing resistance near $2.25. The Relative Strength Index (RSI) indicator for XRP is hovering close to neutral territory, neither oversold nor overbought, indicating low volatility and indecision.
Ecosystem advancements, regulatory clarity, or general market momentum could serve as a catalyst for a breakout for XRP. As the cryptocurrency market continues to evolve, it will be interesting to see how XRP's price and on-chain activity develop in the coming weeks and months.
- The surge in XRP's on-chain activity on June 30, 2025, with a notable rise in payment transactions, indicates increased interest from whales and institutional investors in crypto exchange, as whale wallets moved hundreds of millions of dollars worth of XRP.
- The token, XRP, reclaimed key moving averages near $2.19–$2.20, signalling renewed bullish sentiment and potential for a breakout in trading, aligning with the technical momentum observed.
- The ongoing legal case between Ripple and the SEC has been a notable catalyst for the increased on-chain activity, as recent legal clarity and Ripple’s favorable progress have encouraged accumulation and market optimism.
- Despite the significant payment surge, XRP's price performance has remained comparatively quiet, with the price returning to the $2.20 region, and the Relative Strength Index (RSI) indicator hovering close to neutral territory, indicating low volatility and indecision, which could be affected by ecosystem advancements, regulatory clarity, or general market momentum in finance and investing.
