1.5 Billion XRP Moved in a Day — Analyst Warns This Could Be the Start of a Massive Rally

Ripple (XRP)

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  • XRP sees $1.5B in daily payments, signaling institutional activity.
  • Technical support above $2.70 strengthens bullish outlook.
  • XRP may test $3.30 if momentum continues.

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Crypto giant XRP has captured attention after recording over $1.5 billion in payments in just 24 hours, hinting at renewed institutional interest and growing real-world adoption. Analysts highlight that this spike goes beyond retail activity, suggesting major players are increasingly using XRP for cross-border settlements.

Massive Transaction Volume Points to Institutional Use

Crypto analyst Steph Is Crypto noted that such a surge in XRP payments cannot be explained by small-scale retail trades. Instead, the data points to large institutions leveraging RippleNet and other payment systems for efficient settlements.

Steph emphasized that these transactions showcase XRP’s unique role as a liquidity-focused digital asset. “The spike is a clear signal of renewed network momentum,” he remarked, highlighting the coin’s adoption in institutional payment corridors.

Technical Setup Supports Further Gains

Despite a minor pullback from the $3.09 level, XRP remains comfortably above key technical thresholds. Currently, XRP trades above its 200-day moving averages—$2.62 for the EMA and $2.56 for the SMA—indicating that the broader trend remains bullish.

Support around the $2.70 range has consistently held, acting as a reliable rebound zone. Steph compared this technical setup to previous periods that preceded significant rallies, hinting that XRP could be preparing for another upward move if payment activity persists.

Broader Market Sentiment Boosts Optimism

Institutional adoption aligns with wider crypto market optimism. Bitcoin’s recent surge near $122,000 and improving sector sentiment create favorable conditions for assets like XRP. Steph also pointed to ongoing XRP ETF filings as evidence of institutional commitment, reinforcing confidence in the token’s long-term potential.

Also Read: Crypto Whales Bet on a Crash: $492M Trump Insider Short Leads XRP, DOGE, and PEPE Sell-Off Ahead of Powell Speech

Looking ahead, XRP’s ability to sustain levels above $3 will be critical. If transaction volumes remain strong and technical support holds, the next target could be the $3.30 resistance level, potentially paving the way for fresh all-time highs before year-end.

In summary, XRP’s surge in daily payments highlights growing institutional interest and technical strength. With strong fundamentals and supportive market conditions, the digital asset appears positioned for a potential breakout in the near term.

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Disclaimer: The information in this article is for general purposes only and does not constitute financial advice. The author’s views are personal and may not reflect the views of Chain Affairs. Before making any investment decisions, you should always conduct your own research. Chain Affairs is not responsible for any financial losses.