Daily XRP Payments Approach 3M Despite Price Struggles

Daily XRP payments on the XRPL have now approached the 3 million mark despite the persistent price struggles.

This year has not been favorable to XRP and other altcoins, as the global crypto market cap has lost more than $551 billion year-to-date. XRP contributed $26.39 billion to this figure, representing a 4.78% share, while holding a lower market dominance of 3.576%. This means XRP has declined more than the broader market this year.

Despite the bearish trend, activity on the XRP Ledger has only picked up, especially amid multiple upgrades in the past few months, such as Permissioned Domains. Specifically, daily XRP payments recently crossed 2.5 million, approaching the 3 million mark.

Key Points

• Amid the ongoing downtrend, XRP has suffered a higher decline rate than the broader crypto market, losing $26.39 billion in market value this year.
• Despite the downward price action, activity on the XRP Ledger has only picked up amid multiple upgrades in the past few months, such as Permissioned Domains.
• After successful XRP payments dropped below the 1 million mark in December amid reduced on-chain activity, the metric has only increased this year.
• As this rise persists, daily XRP payments recently hit a 1-year peak of 2.7 million, approaching the pivotal 3 million mark.

XRP Down 24% in 2026

XRP Treasury firm Evernorth spotlighted this bullish momentum in a recent disclosure, as XRP’s attempts at a price recovery continue. When XRP began 2026 on a bullish note, market participants expected a full-blown rebound campaign that could help the token reclaim $2 and $3.

Interestingly, the token successfully recovered above $2, reaching a peak of $2.4 in early January. However, this level faced intense resistance from the bears, as the broader market momentum lost steam. Currently trading for $1.39, XRP has since dropped 42% from the $2.4 peak, still struggling to recover to $2.

XRP Payments See a Resurgence

Evernorth has now pointed out that while the market awaits a price rebound, activity on the XRP Ledger has picked up already. According to Evernorth’s commentary, daily XRP payments have closed in on the 3 million mark as of the current week. The firm stressed that this represents a marked uptick from the 1 million average in mid-2025.

On-chain data provided by XRPScan confirms this disclosure. Notably, at the start of 2025, amid the uptrend that began after Donald Trump’s victory in November 2024, daily XRP payments saw gradual spikes, rising from about 1.1 million to a high of 2.5 million by mid-January 2025. 

After fluctuating between 1.3 million and 2.3 million per day from February to April 2025, daily XRP payments collapsed further to the lows around 1 million, even occasionally dropping below the 1 million mark in June and July. While a recovery ensued in Q4 2025, it was largely modest, and daily payments still dropped below 1 million in December 2025.

An observable uptick occurred at the start of this year, with daily average XRP payments ranging from 1.5 to 2 million in January 2026 and recently crossing the 2.7 million level for the first time since December 2024.