XRP (XRP), the native cryptocurrency of the XRP Ledger (XRPL), has been touted by proponents as a high-speed, low-cost resolution for cross-border funds. However simply how a lot worth flows via the community each day? Let’s look at.
XRP volumes have risen since Trump’s reelection
Primarily based on recent data from Glassnode, XRP’s every day transfer quantity settled on its blockchain in US dollars steadily ranges between $300 million and $1 billion.
Nonetheless, since November 2024, when Donald Trump gained the US presidential election, XRP has settled a mean of $2.28 billion per day, signifying heightened community exercise seemingly fueled by XRP’s price boom in the identical interval.
XRP complete transfer quantity. Supply: Glassnode
That stated, these spikes don’t essentially mirror regular adoption or cost exercise; as a substitute, they may additional be tied to speculative habits, Ripple-related transfers, whale moves, and reshuffling between exchanges.
Ripple is behind many large XRP transfers
One necessary issue behind the spikes in XRP’s every day transfer quantity is giant token gross sales by Ripple and its co-founder, Chris Larsen.
Chris Larsen’s XRP gross sales (2024–2025):
🚨 🚨 50,000,000 #XRP (29,120,312 USD) transferred from Chris Larsen to unknown pocketshttps://t.co/D9iopMqePM
— Whale Alert (@whale_alert) September 16, 2024
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These gross sales decreased XRP reserves on one in every of his wallets from 500 million to 410 million XRP.
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Beforehand, the SEC estimated Larsen offered ~$453.69 million price of XRP between 2017 and 2020.
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The 2024–2025 gross sales stand out for his or her scale and timing throughout XRP’s rally past $3.
Ripple’s XRP escrow gross sales (2017–2025):
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Ripple started promoting XRP from escrow in 2017, releasing as much as 1 billion XRP/month, typically returning unsold tokens.
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It sold $91.6 million through the cryptocurrency’s 30,000% rally in This fall 2017
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In Q3 2018, Ripple sold $163 million throughout unstable markets.
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In Q2 2019, the agency sold $251 million in XRP, one in every of its largest gross sales.
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Gross sales dropped to $1.75M in Q1 2020, seemingly resulting from regulatory strain from the SEC.
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Throughout 2021, round $1.5B have been offered, per Ripple’s reports.
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This implies that Ripple tends to ramp up gross sales throughout bullish durations and reduce throughout XRP worth downtrends.
Associated: Ripple ‘should act in its own interest’ when selling XRP — Ripple CTO
In 2017, Ripple locked 55 billion XRP—nearly all of the full provide—right into a sequence of escrow contracts. Every contract held 1 billion XRP, set to be launched month-to-month over 55 months.
Nonetheless, any unused portion is returned to escrow, with a brand new contract pushed to the again of the queue, i.e., re-locked for 55 months.
Throughout lively sale durations, these actions may end in noticeable spikes in complete transfer quantity, particularly when paired with excessive speculative curiosity.
🔒 🔒 🔒 🔒 🔒 🔒 🔒 🔒 🔒 🔒 370,000,000 #XRP (778,259,699 USD) locked in escrow at #Ripplehttps://t.co/Rk079yzgNf
— Whale Alert (@whale_alert) April 2, 2025
Bitcoin and Ethereum outperform XRP general
Bitcoin and Ethereum proceed to dominate XRP when it comes to every day transfer quantity, highlighting broader adoption and higher belief in these ecosystems.
The general common every day transfer quantity for Bitcoin throughout the complete knowledge set is roughly $23.26 billion, in keeping with Glassnode.
Bitcoin complete transfer quantity. Supply: Glassnode
In recent times, the community has settled a mean of $64.03 billion per day over the previous 30 days, seemingly resulting from sturdy institutional flows, ETF-driven activity, and speculative buying and selling.
In the meantime, Ethereum’s general every day transfer quantity is roughly $2.53 billion. However its current 30-day common of the identical involves be at round $5.67 billion.
Ethereum complete transfer quantity. Supply: Glassnode
Complete transfer quantity displays real-life utilization
Transfer quantity is a key onchain metric, displaying how a lot actual worth is settled every day through blockchain. Excessive volumes, particularly when sustained, point out higher person exercise in transferring cash onchain.
Bitcoin and Ethereum see constant exercise from custodians, ETFs, and DeFi apps.
In XRP’s case, nevertheless, utilization seems concentrated round buying and selling cycles. Regardless of Ripple’s efforts to advertise XRP in cross-border settlements through On-Demand Liquidity (ODL), onchain volumes counsel restricted adoption amongst enterprise customers.
Nonetheless, XRPL has just lately launched instruments for stablecoin issuance, tokenization, and EVM compatibility.
Associated: Redemption arcs of 2024: Ripple’s victory, memecoins’ rise, RWA growth
In This fall 2024, as an example, the ledger’s Automated Market Maker (AMM) quantity increased by 3,100%, reflecting exponential progress in utilization.
XRP Ledger Key Metrics as of Dec. 31, 2024. Supply: Messari
Nonetheless, these improvements have but to generate quantity ranges corresponding to Ethereum and Bitcoin.
This text does not include funding recommendation or suggestions. Each funding and buying and selling transfer entails threat, and readers ought to conduct their very own analysis when making a choice.
