CryptoQuant: XRP circulation speed hits annual high, on-chain activity significantly increases

CryptoQuant's analysis indicates that the circulation velocity metric of the XRP Ledger has broken its annual high, reaching 0.0324, marking a significant increase in network economic activity and on-chain transaction volume.

This metric measures the frequency of asset circulation within the network, with high circulation velocity indicating that XRP tokens are rapidly circulating among market participants rather than being held long-term. This phenomenon reflects high market liquidity and active participation from traders or significant fund movements from large holders (whales). Regardless of market direction, the data confirms that the XRP network is experiencing one of its most active periods in 2025, with user engagement peaking. Analysts believe that such a surge in on-chain activity often signals potential significant market changes, warranting close attention from investors.