XRP Ledger Payment Volume Surges, Price Remains Stable

The XRP Ledger payment volume has seen significant growth over the past few weeks. On September 29, it reached 929 million XRP in a single day, representing a 35.1% increase from the previous day's total. This surge pushed the activity above the 30-day average of around 615 million XRP.

The payment volume has since dropped to 708.6 million XRP over the past 24 hours, a decrease of 23.8%. However, it remains above the updated 30-day average of 624.2 million XRP.

Despite this growth, the price of XRP has remained relatively stable, currently trading at $1.48. This is down from its high of $1.66 reached in late September, but still holds above the 200-day moving average near $1.37.

Investors are watching to see if the increased payment activity can translate into sustained demand for XRP. Rising payment volume is often seen as a sign of genuine utility, particularly for cross-border transfers where XRP is positioned as a bridge asset.