Peter Smith
⬤ XRP just hit one of its biggest on-chain velocity spikes of the year, even though its price has been stuck in a tight range. Fresh ledger data shows transaction velocity climbing sharply while XRP trades around the 2.1 level—a clear sign that network activity is heating up beneath the surface. The numbers suggest liquidity is expanding across the XRP Ledger, with more value moving through the system despite the flat price action.
⬤ The data paints an interesting picture: while XRP's price barely budged through most of 2025, velocity metrics shot up to some of their highest readings yet. The final months of the year saw several activity bursts, with the most recent spike standing out for both its size and timing. Market watchers point to growing interest around ETFs, ecosystem acquisitions, and broader network participation as possible drivers behind the increased flow.
⬤ What makes this pattern notable is the divergence between price and network behavior. XRP holders might not see much action on the charts, but the blockchain itself tells a different story—one of rising circulation and engagement. Analysts tracking these metrics say sustained on-chain activity during consolidation phases often reshapes how the market views an asset, especially when velocity climbs this sharply. With XRP's network showing one of its strongest performances of the year, the liquidity picture looks quite different from what the price alone would suggest.
Peter Smith
