Crypto analyst Steph Is Crypto has spotlighted a major on-chain development for XRP — over 1.5 billion XRP processed in payments within just 24 hours, signaling renewed institutional activity and network strength. According to Steph, such massive volume spikes are rarely retail-driven, pointing instead to increased use of RippleNet and related institutional settlement systems.
Institutional Activity Fuels XRP Network Revival
Steph explained that the surge in transaction volume reflects large-scale financial operations leveraging XRP for cross-border settlements and liquidity management. He noted that this aligns with Ripple’s long-term goal of positioning XRP as a global bridge asset for financial institutions.
“These spikes are a clear indicator that institutional corridors are heating up again,” Steph said, adding that this trend could foreshadow stronger adoption in Q4.
Technical Outlook: XRP Holds Firm Above Key Supports
Despite a mild pullback from $3.09, XRP continues to trade above crucial support levels. Steph highlighted that the token remains above both its 200-day EMA ($2.62) and SMA ($2.56) — strong signals of a broader uptrend.
He also pointed to the $2.70 range as a critical support zone where XRP has consistently rebounded in recent weeks. Combined with the network’s payment surge, this pattern suggests potential for a breakout toward the $3.30 resistance level, which could pave the way for new highs before year-end.
Institutional Optimism and Broader Market Confidence
The analyst linked XRP’s network activity to rising institutional sentiment and improving macro conditions. Bitcoin’s climb near $122,000 and the broader bullish environment have encouraged large investors to re-engage with XRP.
Steph also mentioned ongoing ETF filings for XRP, interpreting them as early signs of institutional confidence in the asset’s long-term potential.
Also Read: Snapchat Memories Paid Storage: How to Backup and Protect Your Snaps
Outlook: XRP Poised for a Breakout?
If XRP maintains its current technical footing and payment activity stays high, Steph expects a push above $3.30 in the coming weeks. Sustained momentum could trigger another institutional-driven rally, positioning XRP as one of Q4’s standout performers.
“The fundamentals and on-chain data are aligning perfectly,” Steph concluded. “XRP’s next leg up may already be in motion.”
Disclaimer: The information in this article is for general purposes only and does not constitute financial advice. The author’s views are personal and may not reflect the views of CoinBrief.io. Before making any investment decisions, you should always conduct your own research. Coin Brief is not responsible for any financial losses.
