XRP Ledger payments jumped more than 479% on Nov. 1, according to on-chain data cited by U.Today, as XRP transferred between accounts climbed above 1.33 billion. The surge followed a quieter Oct. 31, but the token’s market price barely moved, so the spike does not establish a sustained recovery.
U.Today said network usage rebounded after weaker activity and reported that activity on the ledger had slowed following what it described as a recent Binance heist. The report also noted mixed XRP price action.
- XRP transferred between XRPL accounts rose from around 229 million on Oct. 31 to more than 1.33 billion on Nov. 1, U.Today reported, citing XRPScan data.
- The reported increase of more than 479% refers to the amount of XRP transferred, not the number of payments or their dollar value.
- At 12:13 UTC on Nov. 2, XRP traded at $1.25, down 0.03% over 24 hours and 15.81% over 30 days, according to CoinGecko.
- U.Today said the spike may indicate more network activity, but it does not establish that an immediate price rally will follow.
- The Crypto Fear & Greed Index registered 37, classified as Fear, on Nov. 2, according to Alternative.me.
Timeline of XRP Ledger payments
- Oct. 31: XRPScan data cited by U.Today put transfers between XRPL accounts at around 229 million XRP.
- Nov. 1: The daily amount rose above 1.33 billion XRP. U.Today calculated a jump of more than 479% from the previous day.
- Nov. 2, 11:56 UTC: U.Today published its report, describing the surge as a possible sign of stronger network usage while noting that the price had not made a major recovery.
- Nov. 2, 12:13 UTC: CoinGecko showed XRP at $1.25, down 0.03% over 24 hours and 15.81% over 30 days.
Background on the XRP Ledger payments spike
The figure measures XRP transferred between accounts, as U.Today describes the XRPScan data. It is a volume measure in XRP, not a count of users or transactions, or a dollar-denominated measure of demand. A large amount moving across the ledger shows activity, but not why funds moved or whether the activity reflects lasting use.
U.Today said the ledger closed October with weaker figures and that activity slowed following the Binance incident it characterized as a heist. The report gives no incident details or transaction breakdown for Nov. 1. The report’s suggestion that the incident’s impact was gradually fading is an interpretation, not a confirmed explanation for the transfers.
The supplied report identifies a rise in transfers but does not provide transaction-level details that would show what kinds of movements made up the increase. That limits what can be concluded about the source or purpose of the activity.
Market reaction and what analysts say
The market response was muted in the available snapshot. CoinGecko showed XRP nearly flat over 24 hours despite the sharp rise in XRP Ledger payments. The token was also lower over seven and 30 days, leaving the on-chain reading and price trend pointing in different directions.
| Asset | Price | 24-hour change | 30-day change |
|---|---|---|---|
| XRP | $1.25 | -0.03% | -15.81% |
| Bitcoin | $77,948 | +0.06% | -8.07% |
| Ethereum | $2,290.79 | +1.04% | -14.90% |
Prices and percentage changes are from CoinGecko at 12:13 UTC on Nov. 2, 2026. The XRP market data offers a price snapshot, but one reading cannot establish a trend. Alternative.me recorded a Fear classification of 37 on Nov. 2.
U.Today reported that market analysts were hopeful stronger network activity could help rebuild momentum after the gaining streak it said was broken in October. The supplied report does not identify them or give a forecast. Its caveat matters: a transfer increase can signal more usage, but it does not establish that buyers will step in or that XRP’s price will rise.
Outlook: what to watch next
One useful test is whether the elevated transfer amount persists beyond a day and other network measures move in the same direction. Continued high XRP Ledger payments would make the activity rebound more substantial than a one-session spike. A return toward October’s weaker readings would suggest the Nov. 1 figure was temporary.
Price confirmation is separate. XRP was down 15.81% over the prior 30 days at the stated snapshot. U.Today described several weeks of high volatility and said XRP had not yet shown a major price recovery. Those points underline why a single day’s transfer figure should not be treated as proof of a lasting recovery.
U.Today’s account of the Binance event makes understanding the origin and destination of transfers relevant to future analysis. The report offers no transaction-level breakdown, so it cannot establish what types of movements accounted for the spike. More detailed on-chain evidence, alongside sustained price action, could help distinguish network activity from a recovery in market demand.
FAQ
What caused XRP Ledger payments to jump?
U.Today reported, citing XRPScan, that XRP transferred between accounts rose from around 229 million on Oct. 31 to more than 1.33 billion on Nov. 1. The supplied data does not identify the transactions or establish a definitive cause.
Does higher XRP payment volume mean XRP’s price will rise?
No. Higher transfer volume can indicate more activity, but it does not prove demand is growing or predict a price increase. XRP was nearly unchanged at $1.25 as of 12:13 UTC on Nov. 2, 2026.
How is XRP Ledger payments volume measured?
Here, the figure is the amount of XRP transferred between XRPL accounts in a day. It is not the number of payments or users, or the dollar value of transfers.
Sources
This article is for informational purposes only and does not constitute financial or investment advice. Cryptocurrencies are highly volatile; always do your own research before investing.
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