XRP Network Activity Soars as ETF Speculation Gains Steam

Transaction volume on the XRP Ledger has surged significantly, signaling renewed interest in the network amid rising chatter around a potential spot ETF.

According to blockchain data, payment throughput surged over 1,300% in just one day, hitting 4.1 billion XRP — a level not seen in recent months.

This dramatic uptick in on-chain activity comes even as XRP’s price remains largely stable, hovering around $2.30. The unexpected volume spike has reignited discussions about XRP’s real-world utility, with users highlighting the network’s ability to support massive transactional loads even in relatively quiet market conditions.

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Driving the excitement is the growing belief that the U.S. Securities and Exchange Commission may soon approve an XRP-based ETF. Polymarket data now puts the likelihood at 87%, boosted by recent developments in ETF filings for other altcoins and a favorable outlook from analysts such as Bloomberg’s Eric Balchunas.

Ripple’s push into tokenization and global partnerships has also contributed to the buzz. Collaborations with firms like Ondo Finance and Guggenheim have bolstered XRP’s role in asset issuance and settlement. Meanwhile, anticipation builds ahead of key SEC rulings on pending ETF applications from Franklin Templeton and ProShares, due later this month.

Despite regulatory overhangs, investor sentiment is clearly shifting. If these trends hold, XRP could be positioning itself for a major breakout — one backed by both growing utility and the potential for historic institutional access through an ETF listing.

Alexander Stefanov

With over 8 years of experience in the cryptocurrency and blockchain industry, Alexander is a seasoned content creator and market analyst dedicated to making digital assets more accessible and understandable. He specializes in breaking down complex crypto trends, analyzing market movements, and producing insightful content aimed at educating both newcomers and seasoned investors. Alexander has built a reputation for delivering timely and accurate analysis, while keeping a close eye on regulatory developments, emerging technologies, and macroeconomic trends that shape the future of digital finance. His work is rooted in a passion for innovation and a firm belief that widespread education is key to accelerating global crypto adoption.