XRP Price Surges Nearly 50% as On-Chain Volume Hits $1B+

XRP has just recorded one of its most powerful short-term rallies, fueled by a sharp rise in on-chain activity and strong technical indicators. On July 18, payment volume on the XRP Ledger exceeded $1.07 billion—the highest in over a month—signaling renewed investor confidence and increasing ecosystem utility.

The price of XRP has climbed nearly 50% in under three weeks, rising from below $2.40 in early July to over $3.60. This breakout turned key resistance levels at $2.39, $2.68, and $2.80 into support zones, reinforcing the strength of the uptrend. The latest peak at $3.64 now stands as a critical resistance point; a confirmed move above it could pave the way toward the psychological $4.00 mark.

Technically, XRP remains in bullish territory. The Relative Strength Index (RSI) is above 84, approaching overbought conditions, which could signal a short-term pullback. However, the price continues to trade above the 50-day, 100-day, and 200-day moving averages, all of which are trending upward, further supporting the momentum.

The massive spike in payment volume is seen by analysts as more than speculative activity. It may reflect increased utility across the XRP network or institutional adoption. Historically, such surges in on-chain volume have often preceded sustained rallies or at least periods of elevated price action.

Support levels at $2.80 and $2.39 will be key areas to watch in case of a correction. If current momentum holds and volume remains elevated, XRP could be on track for a test of the $4.00 level—and possibly beyond. Investors are closely watching for confirmation of this breakout as Ripple's native token enters a potentially historic phase.