XRP is witnessing a strong resurgence as investor interest surges following a sharp increase in on-chain activity. According to data from XRPSCAN, XRP Ledger payment volume climbed from 454.85 million to 681.95 million within 24 hours.
This 49.91 percent jump in transaction volume has sparked widespread attention across the crypto space. The sudden spike is being linked to growing speculation surrounding XRP-focused exchange-traded funds.
Much of the frenzy stems from Canada, where the 3iQ XRP ETF has quickly gained popularity since its debut on the Toronto Stock Exchange. It has become the biggest XRP-oriented ETF in the country, attracting considerable institutional and retail attention.
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Shareholders are intrigued by the prospect of the product being launched in the United States. The speculation has further added to the purchasing demand, and with the speculation, XRP price has increased by 5.52 percent, currently trading at 2.08 dollars at the latest count.
Other than price movement, the massive rise in ledger activity points to an upsurge in XRP in cross-border transaction activities. It is also already assumed that volume growth is encouraged by internal rebalancing programs and exchange movements among institutes.
ETF Hype Fuels XRP Buying Frenzy and Boosts On-Chain Momentum
The link between the ETF buzz and on-chain growth is becoming more evident, as both seem to be feeding investor sentiment. XRP’s core use case as a payment token continues to attract attention, especially from institutions exploring efficient blockchain-based solutions.
The Canadian ETF’s performance has laid the groundwork for what some see as a global shift in how XRP is traded. Traders are currently paying close attention to regulatory news in the U.S. that may pave the way to an American-based XRP ETF.
At present, the data promotes increasing mania among investors, as the surge in volume, accelerating transaction rate, and steady price growth underscore a new thrust in XRP.
With the ETF mania and about a 50 percent increase in trading activity, XRP is rapidly becoming a market epicenter. Everyone is now waiting to see what will happen next.
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