XRP sets 627-day $1 record as XRPL nears 2M daily transactions

XRP held above $1 for 627 consecutive days, a record for the token, as the XRP Ledger processed 1.99 million transactions in 24 hours.

"XRP has now remained above $1 for 627 consecutive days, a record never seen before," crypto analyst Diana (@InvestWithD) said on X. On-chain data from MSB Intel confirms the streak, with CoinCodex showing XRP at $1.05 as of 07:36 UTC.

The XRP Ledger processed 1,988,188 transactions over the past 24 hours, according to market analyst MRCΛULIMΛN. The network settled 373,049 payments, created 1,087 new accounts, and closed 11,607 ledgers, with close times between 3.86 and 3.88 seconds. RLUSD, Ripple's dollar-backed stablecoin, now holds approximately $853 million on the XRP Ledger, representing nearly 90 percent of the network's stablecoin liquidity.

The prolonged accumulation above $1 has historically preceded major directional moves. Binance's XRP realized volatility has dropped to a three-month low, a pattern that has often preceded significant price expansion as supply and demand move out of balance.

Network Activity and Whale Accumulation Build the Base

The record streak marks a structural shift from previous cycles. In earlier market phases, XRP briefly climbed above $1 before sharp selloffs erased those gains. This time, the former resistance level has transformed into long-term support for well over a year, indicating stronger market conviction.

XRP peaked at $3.65 in July 2025 after a historic 500 percent surge in late 2024. The token has since pulled back sharply, consolidating well below that peak. The asset started 2026 at $1.85 and has fallen about 42 percent to its current level.

CryptoQuant data shows large XRP holders have continued accumulating through the slide from roughly $2.40 in January to the current $1.00-$1.20 range. Average spot order sizes have stayed in "big-whale" territory throughout 2026, while 90-day taker cumulative volume delta has drifted to neutral. The firm describes this as "quiet absorption" and a basing range rather than capitulation or a confirmed breakout.

The XRP Ledger's deflationary design continues to work in the background. More than 14.36 million XRP has been permanently burned through transaction fees, while the base fee remains just 10 drops.

The CLARITY Act remains the key regulatory event. The SEC and CFTC jointly classified XRP as a digital commodity on March 17, but the bill that would codify this into federal law has stalled in the Senate. Polymarket traders now give the CLARITY Act a 14 percent chance of becoming law in 2026, down from above 80 percent in February.

Spot XRP ETFs have pulled in $1.51 billion since launching in November, well below JPMorgan's forecast of $4 billion to $8.4 billion in year-one inflows. Monthly inflows have faded to $27.29 million by end of July. Standard Chartered built its $12.50 price target for 2028 on the assumption that those inflows would materialize.

For XRP to break out of its current range, reclaiming $1.20 would be the first confirmation that the base is building upward, according to Diana's chart analysis. Immediate support sits at $0.9067, with the current price at $1.05. Diana has also suggested XRP may need one final dip below $1 before the next breakout begins.

The combination of record accumulation above $1, near-record network activity, and compressed volatility suggests the XRP Ledger is strengthening beneath the surface. Whether this historic base ultimately leads to the next major breakout remains uncertain, but the structural foundation continues to build.

This article is for informational purposes only and does not constitute investment advice.