$49.7B in a Day: XRPL Flexes Hard While XRP Hugs $1.25 Support

Transaction volume on the XRP Ledger surged to approximately $49.66 billion on October 19, according to a Santiment chart shared by analyst Ali Martinez, marking an increase of roughly 6,000% from the roughly $0.8 billion recorded on each of the preceding days. On-chain data tracked by Santiment shows transfers on the XRPL remained low on October 16, 17, and 18 before climbing sharply on the 19th as XRP traded near the $1.25 level. Martinez highlighted the activity in a post on X stating, "XRP: THE BOTTOM IS IN," and added that "This surge in on-chain activity around such a critical support level suggests that $1.25 could" be significant for the asset's near-term direction.

Martinez, writing under the handle @alicharts, framed the transaction spike alongside a rebound in XRP price toward the $1.25 support zone, characterizing the combination of price stability and elevated on-chain activity as indicative of easing selling pressure. The $49.70 billion figure cited by Martinez was attributed to Santiment's on-chain analytics. The reporting was published by CoinGape and written by journalist Kritika Mehta, who has covered the cryptocurrency industry since 2017.

XRP, the native token of the Ripple-linked XRP Ledger, traded above $1.25 at the time of the volume spike, according to the source. The surge placed the day's dollar value of coins transferred on-chain at nearly 6,000% above the prior baseline recorded on the Santiment chart. The figures cited are drawn directly from the chart Martinez posted on X on October 19.

The analyst's commentary tied the elevated transfer value to potential easing of selling pressure near the $1.25 threshold, though he stopped short of naming a specific upside target beyond referencing a move toward $2 in the original CoinGape write-up. As of the report's publication, XRP price action was described as exhibiting a "quick recovery" in tandem with the volume expansion, with the $1.25 area serving as the immediate technical reference. No official statement from Ripple or XRPL developers was included in the source material reviewed.