The has witnessed a dramatic surge in on-chain transactions, with payment volumes between accounts surging by 500%. This sharp increase highlights a significant on the blockchain, marking one of the highest spikes recorded this year.  

XRP Sees Record-Breaking On-Chain Activity

Data from XRPScans that on August 18, 2025, the XRP Ledger recorded a , processing 844,516,631 tokens in payments between accounts. This figure dwarfs the average daily flows seen throughout this month. The surge also marks an increase of more than 500% compared to the previous day, when payment volume totaled only 159,685,255. 

Typically, such spikes in on-chain activity often indicate growing adoption, whether through institutional participation, retail engagement, or whale repositioning. Historically, sudden bursts of transactional volume have preceded major price movements, as they tend to reflect rising demand.

XRPScan’s payments chart also highlights throughout the year. For much of 2025, XRP payments largely fluctuated at a lower baseline, with occasional bursts of activity. While August stands out, July saw an even more heightened activity, with 1.41 billion payments logged on the 21st. 

Despite the sharp rise in on-chain activity, the XRP price has yet to reflect the surge, trading without any significant upside reaction. However, sustained growth in payment volume could strengthen the cryptocurrency’s underlying fundamentals, potentially setting the stage for a new wave of market interest. 

Whale Sell-Offs Weigh On Price

Over the past week, to around $2.89 despite the recent spike in payment volume. According to a on X social media by crypto exchange XChangeOn, this decline has been partially attributed to and ongoing market volatility. 

In just ten days, a staggering 470 million XRP were offloaded, with several of these transfers exceeding 100 million tokens each. XChangeOn noted in its post that much of this supply had found its way to Binance, adding to the already fragile market. 

Interestingly, these moves came after whales had accumulated over $360 million worth of XRP during , suggesting that large players may now be realizing profits or repositioning ahead of broader market shifts. XChangeOn indicated that the growing selling pressure has placed XRP at risk of testing support levels between $2.70 and $2.50. From the current price of $2.89, this represents a potential decline of approximately 6.6% and 13.5%, respectively. 

If downward pressure continues, the cryptocurrency is expected to in the short term. However, XChangeOn notes that reduced inflows to exchanges and renewed whale accumulation could act as stabilizing forces.