XRP (XRP), the native cryptocurrency of the XRP Ledger (XRPL), has attracted attention as a high-speed, low-cost solution for cross-border payments. A critical question arises: how much value flows through the network daily? This article delves into the recent trends and data surrounding XRP’s daily transfer volumes.
XRP Volumes Surge After Trump’s Reelection
The daily transfer volume settled on XRP’s blockchain has witnessed significant fluctuations. According to data from Glassnode, XRP’s daily settlement has frequently ranged from $300 million to $1 billion. However, following Donald Trump’s victory in the November 2024 presidential election, the average volume soared to an incredible $2.28 billion per day. This surge indicates heightened network activity, likely driven by XRP’s price rally during this period.
Notably, these spikes in transaction volume may not be indicative of genuine adoption or consistent payment activity. Instead, they are often linked to factors such as speculative trading behaviors, significant Ripple-related transfers, and the movements of large holders—in the crypto space often referred to as ‘whales’.
Ripple’s Influence on XRP Transfer Volumes
A critical factor contributing to the dramatic transfers in XRP is the large token sales executed by Ripple and its co-founder, Chris Larsen. For instance, on September 18, 2024, Chris Larsen transferred 50 million XRP, approximately valued at $29 million, from a wallet that had remained inactive for over 11 years. By the early part of 2025, he had sold over $116 million worth of XRP, diminishing his wallet reserves significantly. This underscores Ripple’s active role in shaping XRP’s market dynamics.
Moreover, historically, Ripple has engaged in escrow sales since 2017, releasing up to 1 billion XRP per month. Market behaviors demonstrate that Ripple tends to maximize sales during bullish trends while scaling back in downturns, confirming the suspicion that these strategies significantly drive XRP’s volatility.
Comparative Analysis: Bitcoin and Ethereum Dominate
When comparing XRP’s performance with prominent cryptocurrencies like Bitcoin and Ethereum, the results are telling. Bitcoin boasts an average daily transfer volume around $23.26 billion, reflecting its sustainable growth fueled by institutional adoption. In contrast, Ethereum observes daily volumes averaging $2.53 billion, with fluctuations potentially influenced by emerging DeFi trends. This comparative analysis highlights Bitcoin and Ethereum’s broader acceptance and trust among users.
The Future of XRP: Stablecoin Integration and Innovations
Despite its current standings, the XRP Ledger (XRPL) is evolving. New tools for stablecoin issuance and EVM compatibility have been introduced. Notably, the XRP Ledger’s Automated Market Maker (AMM) volume saw a staggering increase of 3,100% in Q4 2024, signaling potential growth opportunities despite the existing dominant position of Bitcoin and Ethereum.
In conclusion, while XRP has made strides in daily transfer volumes, particularly post-Trump’s election, it still faces challenges in achieving levels comparable to Bitcoin and Ethereum, pointing to the necessity for continuous innovation and wider adoption in the crypto landscape.
