XRP Payment Volume Surges Amid Rising ETF Approval Odds

News

  • XRP payment volume jumped 1,300% in 24 hours, reaching 4.11 billion transactions, per XRPScan.
  • XRP ETF approval odds surged to 87%, fueling increased on-chain activity and investor attention.
  • June 9 marked a monthly high of 1.1M XRP transactions as Ripple’s global network expansion continues.

XRP Ledger data has revealed a significant spike in transactional activity, with payment volume soaring by 1,300% over the past 24 hours. According to XRPScan, the total XRP payment volume rose to 4.11 billion, up sharply from 295.67 million the previous day. This surge comes amid growing market anticipation around the potential approval of a spot XRP ETF in 2025.

XRP Payment Volume Hits 4.11 Billion as ETF Odds Rise

The rise in payment activity coincided with a monthly high of 1.1 million XRP transactions recorded on June 9. Over the same 24-hour period, on-chain payment activity also increased by 117.41%. Despite XRP’s price showing minimal movement between $2.21 and $2.32, investor interest appears to be growing based on transactional trends alone.

The activity spike has provided fresh momentum for XRP’s narrative around real-world utility. Analysts point out that rising network throughput may play a role in supporting future price movements. This recent shift in market behavior has occurred while Ripple continues its global expansion and navigates unresolved regulatory matters in the United States.

Ripple’s Network Utility Separates XRP from Altcoin Peers

While many altcoins face ongoing challenges in demonstrating real-world application, XRP appears to be taking a different path. The XRP Ledger’s increasing activity is viewed as a sign of its growing relevance in decentralized payments. Payment growth has occurred without corresponding price volatility, indicating consistent utility rather than short-term speculation.

Observers note that rising usage figures may help separate XRP from tokens that rely heavily on price momentum without underlying functionality. Moreover, the active work of Ripple to enhance its international infrastructure could also promote  long-term demand in its network. The firm has been able to maintain partnerships, and this is another reason why the use of the XRP Ledger in cross-border transactions has increased.

One recent development includes growing collaboration with institutional entities such as Ondo Finance and Guggenheim. These moves reflect a focus on real-world tokenization, an area where XRP has maintained strategic interest.

Speculation Mounts Ahead of SEC Decisions on Spot XRP ETFs

Elevated XRP activity reflects growing confidence in regulatory developments. Prediction markets including Polymarket estimate the likelihood of XRP ETF approval to be 86%. The U.S. Securities and Exchange Commission’s recent actions have led to a significant change in sentiment which contrasts with previous monthly trends in handling of ETF applications for other altcoins.

Bloomberg’s ETF analyst Eric Balchunas has highlighted the potential onset of an “Altcoin ETF Season,” further drawing attention to XRP’s prospects. Meanwhile, key decisions from the SEC are expected soon, with deadlines for Franklin Templeton’s ETF application on June 17 and ProShares’ on June 25, 2025.

These developments come as Ripple continues making acquisitions and expanding its business model. XRP’s rising utility and elevated ETF approval odds are shaping a new narrative around the asset’s role in the broader cryptocurrency market.

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