XRP Ledger Transfer Value Reaches $49.70 Billion as XRP Trades Near $1.25

The value of transfers on the XRP Ledger (XRPL) reached $49.70 billion as XRP traded near $1.25 on Oct. 19, a combination market analyst Ali Martinez linked to a possible bottom.

Martinez described the area around $1.25 as support and said the transfer activity could signal a market bottom and a move toward $2 if XRP holds near that level. In a separate chart, he identified sustained closes above $1.56 as a condition for a move toward $2.

XRP is the ledger’s native currency. The transfer figure measures tokens moved on XRPL and excludes exchange trading. It does not show whether buyers outnumbered sellers.

Transfers can also occur between wallets controlled by the same holder, without a change in ownership. The $49.70 billion figure therefore cannot, on its own, establish that XRP has reached a lasting price floor.