A recent surge in XRP Ledger (XRPL) payment counts has caught the attention of 
the broader crypto market, raising questions about what could be driving this 
massive rally. The latest milestone comes after XRP saw renewed whale 
accumulation even as prices continued to trend downward amid rising 
volatility. XRP Ledger Records Mysterious Surge In Payment Count Data from 
XRP’s leading blockchain explorer, XRPScan, shows that on May 19, the number 
of XRP payments from one account to another was sitting around just 766,051. 
However, over the next few days, the payment count rose sharply, surpassing 
1.22 million on May 22, representing a more than 300,000 increase in users. 
Related Reading: Market Expert Updates XRP Roadmap To $300 With New Data 
Before this surge, the payment count from one account to another consistently 
ranged between 700,000 and 800,000, making the latest rally a bit unnatural. 
Interestingly, XRP Ledger payment volume during the same period saw only a 
modest change. On May 19, volume stood at approximately 434.9 million, edging 
up to 486.2 million on May 22, reflecting a minor rise of just over 51 
million, which hardly mirrors the dramatic spike in user accounts. Given the 
recent decline in the XRP price and the prolonged sideways movement, the 
unexpected surge in user count on the ledger is suspicious. It begs the 
question of where these users came from and, more importantly, why they 
arrived at a time when market enthusiasm appears muted. Typically, when a 
cryptocurrency’s user count increases as price declines, it suggests two 
things: either genuine accumulation by XRP holders or a coordinated wallet 
activity. Notably, Nepetia, an XRP supporter who also noticed the unusual 
surge in payment count, has shared comments on it. In a May 24 X post, she 
stated that even as the market continues pulling back, XRP’s payment count and 
volume continue to rise, indicating underlying strength. Nepetia said that 
whales have also accumulated over 71 million XRP in just seven days while Spot 
XRP ETFs continue to post positive inflows. Against this backdrop, she noted 
that these recent developments are important market signals suggesting the XRP 
price may be preparing for a sharp move. XRP Whales Step Back From 
Accumulating XRP Whales had been actively buying tokens over the past few 
months. However, the latest report from crypto analyst Ali Martinez reveals 
that in the last nine days, whale activity on the XRP Ledger has dropped from 
157 large transactions worth over $1 million to just 67, as of May 23. He 
noted that this gap represents a decline of more than 57.3% in whale activity. 
Related Reading: XRP OI Z-Score Just Dropped To Levels Seen Before Its 600% 
Rally In 2024 Interpreting the movements, Martinez explained that when large- 
scale transaction volume decreases by this magnitude, it suggests that the 
market could be entering a major compression phase. He noted that whales 
appear to have stepped back from accumulating, allowing the current XRP price 
range, between $1.3 and $1.4, to settle. He stated that this shift naturally 
reduces immediate volatility and allows order books to mature. Featured image 
from Getty Images, chart from Tradingview.com

A recent surge in XRP Ledger (XRPL) payment counts has caught the attention of the broader crypto market, raising questions about what could be driving this massive rally. The latest milestone comes after XRP saw renewed whale accumulation even as prices continued to trend downward amid rising volatility. XRP Ledger Records Mysterious Surge In Payment &#8230;

Why Questions Are Being Raised about The XRP Ledger’s 300,000 Milestone

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The post BitMine Immersion Technologies lands on Russell 1000 preliminary 
list, eyeing massive passive fund inflows appeared first on Crypto Briefing.

BitMine&#8217;s potential Russell 1000 inclusion could drive significant passive fund inflows, enhancing its market position and capital-raising ability. The post BitMine Immersion Technologies lands on Russell 1000 preliminary list, eyeing massive passive fund inflows appeared first on Crypto Briefing.

BitMine Immersion Technologies lands on Russell 1000 preliminary list, eyeing massive passive fund inflows

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Iran and US inch closer to frozen asset deal as Qatari mediation narrows gaps

XRP could climb as high as $20 if a breakout pattern from 2018 repeats itself, 
according to pseudonymous Korean financial analyst Ninedex. That scenario, 
while not his main call, hinges on the token breaking out of the upper edge of 
a channel structure that has shaped its price movement for over a decade. 
Related Reading: History Shows Bitcoin ETF Outflows Favor Accumulation, Says 
Santiment The Long Road From $1.34 XRP is currently trading around $1.34, down 
nearly 13% from its May 14 high of $1.54. Despite the pullback, Ninedex argues 
the token is still holding a key support zone within what he describes as a 
multi-year ascending channel — one that has guided XRP since it began trading 
in 2013. Based on his analysis, that support sits just above the lower 
boundary of the channel&#8217;s middle layer and aligns with the Fibonacci 0.382 
level, which corresponds to the $1.40 price area. The zone was built over an 
extended period between 2022 and 2024, which is why he considers it one of the 
strongest long-term support levels in XRP&#8217;s history. XRP spent its early years 
in the lower section of that channel before a broad crypto rally in early 2017 
pushed it into the middle range. It briefly entered the upper channel in 
January 2018 when prices surged above $3, but a sharp correction followed and 
pulled it back into the middle layer. Ninedex says the token has stayed there 
for the past eight years, and its ability to hold that zone is what keeps it 
among the major assets in the market rather than slipping back to minor 
status. 26.05.25 리플 코인 분석. 리플 주봉을 분석해보겠습니다. 리플의 경우 철저히 자본팽창을 추종하며, 연성장 32%의 
기울기를 가지고 있으며, 14년~16년이후 소형알트에서 메이저 알트가 되며, 채널이 한 계단 상승하였습니다. (옥석이 가려진 몇몇 소형 
알트들의 미래라고 생각함.) 이후 메이저… pic.twitter.com/ODn6aHmI8d — 줄쟁이 (@ninedex23) May 24, 
2026 The transition from a small altcoin to a top-tier asset happened 
precisely because XRP moved up a layer in the channel during that 2017 cycle, 
he argues. Technicals Back The Bullish Read Ninedex pointed to two technical 
signals that support his outlook. The weekly stochastic indicator has bounced 
from 15 points to 20 points — a level he says has historically marked one of 
XRP&#8217;s rare oversold conditions. Related Reading: Bitcoin Bull Thesis Goes Big: 
39 Trillion Reasons To Buy, Says Gemini Founder The MACD, meanwhile, has 
formed a golden cross on its EMA lines, with the oscillator moving back into 
positive territory, which he reads as a sign that market momentum is turning 
upward. His primary target is $5, reachable if XRP climbs toward the upper 
boundary of the middle channel. But he also noted that XRP&#8217;s history of sharp 
rallies and its large community base could push prices well beyond typical 
expectations — and if it breaks into the upper channel again, $20 becomes the 
figure he has in mind. Featured image from Unsplash, chart from TradingView

XRP could climb as high as $20 if a breakout pattern from 2018 repeats itself, according to pseudonymous Korean financial analyst Ninedex. That scenario, while not his main call, hinges on the token breaking out of the upper edge of a channel structure that has shaped its price movement for over a decade. Related Reading: &#8230;

XRP Channel Pattern Points To $5, Says Korean Analyst

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offer tokenized securities through traditional brokerage accounts. Prometheum 
launched new infrastructure on May 25 allowing broker-dealers and registered 
investment advisers to offer tokenized securities and crypto assets through 
traditional brokerage…

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of labor displacement &#8216;at very large scale&#8217; appeared first on Crypto Briefing.

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Why Questions Are Being Raised about The XRP Ledger’s 300,000 Milestone

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