CryptoQuant reported a spike in XRP’s velocity metric to 0.0324 on December 2—a sign that tokens are circulating quickly rather than sitting in long-term wallets. Although the asset’s price has declined in recent weeks, network activity is ramping up rather than slowing down.

The heightened movement suggests a shift in participant behavior. Wallet data shows both everyday users and large holders are restructuring their positions during this market phase. Rather than withdrawing from the ecosystem, many appear to be actively using XRP for settlements, automated transfers, and strategic reallocations. Increased token flows between addresses typically signal more liquid conditions and a market that reacts more quickly to short-term signals.

Throughout 2025, the XRP Ledger remains busy, and the December spike fits into a pattern of increased usage. However, the recent surge stands out because it comes 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 sentiment—especially during downward trends—often lead to higher circulation as traders adjust their exposure.

Despite price pressure, the steady rise in velocity suggests the network’s fundamental role remains intact. Transaction volumes remain high, and the ledger continues to process fast and frequent transfers. Analysts note that strong activity during price declines is often a sign of deep structural resilience. In many previous cycles, sustained network participation appeared before price momentum began to recover.

For now, the picture in the XRP ecosystem is clear: even in a cooling market, activity “under the hood” remains strong. And in crypto, high usage often speaks louder than short-term price moves.