XRP Ledger activity surged with nearly 3 million daily transactions following a $107 million transfer of 75 million XRP. Institutional interest in XRP Spot ETFs has increased, driving significant investment into the network.
Mentioned in this story
While market observers often watch the price of tokens, the real story right now is happening in the background of the XRP Ledger. Institutional interest in XRP Spot ETFs is climbing, with more than $65 million in new funds entering the space. This surge in professional investment coincides with a massive spike in network use. Daily transactions on the ledger have jumped to nearly 3 million. That is three times the volume seen just a year ago.
Data shows that the XRP Ledger is handling more than just simple transfers. Tokenized commodities have crossed a $1 billion milestone on the network. At the same time, Ripple’s own stablecoin, RLUSD, has reached a $1 billion market cap. This increase in utility is changing how people view the blockchain. Some market figures, like Cardano founder Charles Hoskinson, still raise concerns about how Ripple funds its work by selling tokens from its own supply. However, the network itself is busier than ever.
Demand for XRP keeps growing. More access, more ecosystems, more utility.
— Brad Garlinghouse (@bgarlinghouse) April 17, 2026 Reports indicate that Ripple recently moved 75 million XRP between April 20 and April 21. This amount is worth about $107 million. The movement was not a single transaction. Instead, it was a multi-step process. First, Ripple moved 50 million tokens to an internal wallet. From there, the funds moved through a series of addresses. One specific address split the 75 million XRP into five separate piles. Each pile held 15 million tokens. Ripple just moved 75,000,000 XRP worth $107,000,000 on-chain 👀
something’s always cooking when Ripple moves this quietly… $XRP pic.twitter.com/W0WYXZQuRW
The surge in XRP Ledger transactions was driven by increased institutional interest in XRP Spot ETFs and a significant transfer of 75 million XRP worth $107 million.
Of the 75 million XRP transferred, 50 million reached Coinbase wallets while the remaining 25 million stayed in private addresses.
Despite the large transfer, the price of XRP remained stable, trading between $1.43 and $1.44, and even rose by about 8% over the past week.
American Bitcoin reported an $82 million loss in Q1 2026 despite mining a record 817 BTC. The company's total Bitcoin holdings increased to approximately 7,300 BTC after recent purchases.
XRP Analyst Raises Key Question About Demand in Global Settlement System
Revolut's app showed Bitcoin at just 2 cents due to a pricing glitch. Issue now resolved.
A hacker exploits TrustedVolumes, draining $5.9 million in crypto funds.
Trump Media's Q1 loss widens to $406 million, heavily impacted by crypto markdowns.
Australian police seize $4.2 million in Bitcoin during raids on darknet marketplace operators.
See every story in Crypto — including breaking news and analysis.
— Xaif Crypto (@Xaif\_Crypto) April 20, 2026
The path of these tokens ended at different destinations. Based on reports, 50 million of the XRP reached Coinbase wallets. The other 25 million stayed in private addresses. This type of movement often makes traders nervous about a price drop.
Usually, sending tokens to an exchange means someone is getting ready to sell. Despite the large amount of money moving, the price of XRP did not crash.