XRP's recent price surge has sparked interest among investors and analysts alike. A report by XWIN Research Japan sheds light on the underlying factors driving this move.
According to the analysis, the ratio of speculative trading volume to on-chain utility has compressed significantly for XRP. Typically, exchange speculation dominates crypto markets, with trading volumes often running 10-50 times higher than actual on-chain usage. However, in the case of XRP, this gap has nearly disappeared.
On-chain settlement volume stands at 291 million XRP, while aggregate speculative volume sits at 510 million. This suggests that adoption and network usage are driving the current price movement, rather than speculation.