XRP Ledger (XRPL) payment volume recently surged by a massive 224% to nearly 350 million tokens amid the latest price recovery.
While XRP’s price has struggled in 2026, down more than 24% this year, the XRPL has continued to record impressive milestones. In the most recent episode, daily payment volume on the network surged by 224% from the previous day’s figure.
XRP Payment Volume Hits 348M Tokens
According to data provided by XRPScan, a leading XRPL block explorer, this spike resulted in 348.6 million XRP worth of payment volume. At the current price of $1.39 per XRP, this translates to $484 million at press time. For context, the previous reading stood at 107.477 million XRP.
Importantly, the latest surge represents the largest rise in daily payments volume recorded by the network this month. However, this pales in comparison to the overall 881% spike witnessed on Aug. 31, right before the network saw a massive 1.403 billion XRP volume on Sept. 1.
Still, the latest increase is notable because it marks a revival of payments volume on the XRPL after two days of consistent declines. Specifically, the metric crashed by 77.9% on Sept. 12 and then dropped by another 11.2% by Sept. 13 before the recovery today.
Despite the recent 224% spike, the resulting 348 million XRP volume remains lower than most of the highs recorded this month alone.
For instance, after the 1.403 billion XRP reading on Sept. 1, the XRPL saw another volume high of 564.5 million XRP on Sept. 3, with 546.9 million XRP on Sept. 11. These mark the three largest daily volumes so far this month.
The latest rise in payments volume comes on the back of a mild price reversal recorded by XRP today. Notably, after dropping 1.85% on Sunday, Sept. 13, XRP has begun today on a bullish note, up 4.37% on the day, as it changes hands at $1.3995, looking to reclaim $1.40.
XRP Ledger Sees Mixed Trends
However, while payment volume in XRP has spiked from the previous day’s figures, the actual number of payment transactions has declined. Notably, XRPL payments have dropped to 494,152 at press time, representing a 40.6% decline from the previous reading.
This drop came after payments spiked 45% to 832,178 on Sept. 13, just two days before the recent peak of 1.4 million. Notably, the latest reading of 494,152 payments represents a considerable drop from the 30-day average of 758,000 payments recorded daily.
In addition to this, total transactions on the XRP Ledger have declined 41% to around 956,000, a massive drop from the daily average of 2 million transactions recorded in the past 30 days. Also, successful transactions have collapsed by a similar 41% to 754,000.
Nonetheless, it is important to note that these represent today’s readings. With the day still hours from closing, final figures may be considerably higher than what the network has recorded as of press time.