XRP Payment Volume Surges 1,300% As ETF Approval Odds Hit 87%

Highlights

XRP payment volume hits 4.11 billion, up by 1,300%.
The payments surged to a monthly high of 1.1 million on June 9.
This notable growth is primarily driven by the growing speculation of an XRP ETF approval.

The XRP Ledger activity has gone parabolic with a staggering 1,300% surge in payment volume over the past 24 hours. This major growth coincides with a drastic shift in the XRP ETF odds, now sitting at 87%. Is this the start of XRP’s bull run?

XRP Payment Volume Spikes: Details

According to XRPScan data, the XRP payment volume has skyrocketed to 4.11 billion, with a massive 1,300% hike in a day. Despite the token’s stagnant price movements, the payment volume had seen this drastic hike, up from the previous day’s 295.67 million.

Source: XRPScan; XRP Payment Volume Surges 1300%

The payments on XRPL have recently surged to a monthly high of 1.1 million on June 9, following a significant 117.41% jump in on-chain payment activity over the last 24 hours. This increased activity comes as the token’s price remains relatively stable, moving between $2.21 and $2.32.

A growing payment volume could bolster XRP’s utility-focused narrative, setting it apart from altcoins struggling to demonstrate real-world use cases. Despite Ripple’s ongoing regulatory challenges in the US, its global expansion and increasing transactional throughput might reignite investor interest. Acknowledging the major growth, an XRP community member wrote on Reddit, “We’re seeing real utility in motion — this is exactly what we’ve been waiting for.”

XRP ETF Odds Surge: Is This Behind Payment Spike?

Ripple and the XRP Ledger have been making significant strides over recent days, which are likely to have contributed to this payment growth. For instance, the XRP Ledger has once again proved its dominance in tokenization with the latest partnerships with Ondo Finance and Guggenheim.

In addition, the increasing speculation of an XRP ETF approval in 2025 has also contributed to this growth. According to Polymarket, the odds of the ETF approval now stand at 87%, sparking optimism. Adding fuel to the speculations, Bloomberg analyst Eric Balchunas has predicted an ‘Altcoin ETF Season.’ This followed the SEC’s latest move on Solana ETF applications.

XRP ETF Odds Increase — Source: Polymarket; XRP ETF Approval Odds Hit 87%

This growing optimism is further underscored by upcoming decisions on spot XRP ETFs. As CoinGape reported, the SEC is poised to rule on Franklin Templeton’s filing by June 17 and ProShares XRP exchange-traded fund by June 25, 2025. However, the ongoing XRP lawsuit and other factors cast a shadow over the SEC’s decision, tempering investor enthusiasm.

Ripple’s major acquisitions, coupled with the XRP payment volume hike, have boosted investor confidence. This could significantly drive the XRP price up, targeting new highs.

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Nynu V Jamal

Nynu V Jamal is a Senior Journalist at CoinGape. She boasts more than 3 years of experience in content writing, with expertise in crypto and blockchain. She has contributed to platforms like CoinEdition and CryptoTale, demonstrating her proficiency in navigating the dynamic crypto landscape. Beyond her journalistic pursuits, Nynu is a literary enthusiast, having served as an Assistant Professor of English Language and Literature. She is a Master's degree holder in English Literature and a UGC NET qualifier. Her academic background has enabled her to publish research papers on literature, while also nurturing her creative side as a published poet. Her creative side extends to music, crafts, and art, which she actively explores. Her unique blend of analytical and creative skills allows her to craft engaging stories that captivate audiences. Stay updated with Nynu on LinkedIn

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