XRP Ledger Explodes with $49.7 Billion in Volume: Is the Bottom In?

On October 18, 2026, transaction value on the XRP ledger reached just under $50 billion, up from about $1 billion on October 16 and 17, while XRP traded near the $1.3 support level. Analyst Ali Charts, citing Santiment data, noted the jump came as the token slipped to $1.25 before recovering to about $1.3. He said XRP could target $2 resistance if $1.25 holds, but cautioned that on-chain volume tracks the value of coins moved, not the number of buyers or sellers, and may reflect a large holder shifting funds rather than broader activity.