CryptoQuant reported that the XRP velocity index rose to 0.0324 on December 2—indicating that tokens are being traded quickly rather than remaining in long-term wallets. Despite the asset's price decline in recent weeks, on-chain activity is increasing rather than slowing down.

The increased movement signals a change in participant behavior. Wallet data shows that both daily users and whales are restructuring their positions at this stage of the market. Instead of withdrawing from the ecosystem, many appear to be actively using XRP for settlements, automated transfers, and reorganizing their strategies. Typically, increased token flow between addresses is seen as a sign of more liquid conditions and a market that reacts faster to short-term signals.

Throughout 2025, the XRP ledger has remained busy, and the December peak matches the pattern of increased usage. However, the recent rise stands out because it occurred during a price correction. After peaking at around $3.50 in August, XRP was trading near $2.17 at the start of December. Historically, periods of mixed direction—especially during downtrends—often lead to higher transaction rates as traders adjust their exposure.

Despite the price pressure, the continued growth in velocity indicates that the network’s core function remains intact. Transaction volumes stay high, and the ledger continues to process rapid, frequent transfers. Analysts note that strong activity during periods of price decline is often a sign of deep structural resilience. In many previous cycles, sustained on-chain activity has appeared before the start of price momentum recovery.

For now, the picture in the XRP ecosystem is clear: even in a market experiencing a lull, activity “beneath the surface” remains strong. And in the crypto world, high usage is often more significant than short-term price movements.