In early July 2026, XRP Ledger saw a dramatic 1,000% surge in payment volume, but this spike quickly reverted to normal levels. The surge was likely caused by large internal transfers rather than genuine network growth or new demand for XRP. Despite the spike, XRP’s price remained below key resistance levels, showing no significant breakout. Investors remain cautious, requiring sustained increases in transaction demand and price before viewing such activity as a bullish sign.
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