XRP Ledger Payments Hold Above Average Despite 23.8% Daily Decline

In Brief:

• XRP Ledger payment volume fell 23.8% to 708.6 million XRP but remained above its monthly average of 624.2 million XRP.
• September 29’s payment surge exceeded 929 million XRP, although historical peaks show the increase remained below the ledger’s record levels.
• XRP traded at $1.48 while holding above key support, with $1.37 marking an important threshold for preserving its recovery structure.

XRP Ledger payment volume remained above its monthly average despite a daily decline, while XRP traded lower at $1.48. According to xrpscan, daily payments fell to 708.6 million XRP, dropping 23.8% from the elevated reading recorded during the previous reporting period. Nevertheless, activity exceeded the updated 30-day average of 624.2 million XRP, showing that the decline left usage relatively strong.

September 29 delivered more than 929 million XRP in payment volume, representing a 35.1% increase over the preceding day. During that session, payments surpassed the earlier monthly average of roughly 615 million XRP by approximately 51%.

However, the subsequent retreat reduced the gap considerably, with the latest reading standing about 13.5% above its updated average. This distinction matters because one elevated session offers less evidence of sustained activity than repeated readings above the monthly baseline.

Historical figures also place the September surge in perspective, despite its strength compared with activity across the preceding month. Payment volume has exceeded 1.5 billion XRP only a handful of times during the year, most recently in early September.

Additionally, the reported record stands near 7 billion XRP, leaving the September 29 reading well below previous peak activity. Consequently, the increase represented a strong session within the recent reporting period rather than an exceptional result across ledger history. Meanwhile, XRP’s market performance moved in the opposite direction, with the token retreating from its late-September high near $1.66.

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XRP Holds Recovery Support as Payment Activity Outpaces Price

Recent candles showed lower highs alongside fading trading volume, indicating weaker momentum as XRP approached nearby support levels. Despite that retreat, the price remained above its 200-day moving average near $1.37, preserving a significant technical reference.

Around the same level, the 50-day moving average overlapped with the longer average, creating a concentrated area of potential support. Moreover, XRP retained its earlier breakout above a descending trendline, which the recent pullback had not invalidated.

The relative strength index settled near its midpoint, suggesting that momentum had moderated from stronger readings during the advance. However, this reading does not independently establish that buyers have regained control or that another upward move will follow.

Immediate support lies near $1.45, where the shorter-term moving average provides another reference for assessing the price decline. Holding the broader $1.45 to $1.37 range would preserve the possibility of a recovery toward $1.55 to $1.66.

Conversely, a close below $1.37 would weaken the recovery structure and bring the lower $1.31 zone into consideration. Higher payment activity can reflect XRP’s use in transfers, including transactions where the asset serves as a cross-border bridge.

Still, payment volume alone does not reveal whether those transfers create sustained buying demand sufficient to support higher market prices. XRP retains key technical support while ledger payments exceed their monthly average, although weaker price momentum leaves the recovery unconfirmed.

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