XRP Gains 15% as ‘Banker Hours’ Onchain Trend Draws Trader Attention
- XRP runs around the clock, yet its on-chain activity is increasingly clustered within a narrow window that resembles traditional financial-market trading hours.
- Roughly 23% of XRP changing hands on the XRP Ledger now occurs during a three-hour period covering the London afternoon and New York morning, according to Evernorth’s analysis of ledger data. The figure was about 14% one year ago.
- Because that window represents just 12.5% of a 24-hour day, the level of activity is nearly twice what would be expected if XRP transactions were evenly spread across the day.
- The period coincides with the overlap between London and New York, when two of the world’s biggest financial centers are active at the same time and global FX liquidity typically reaches its highest levels.
- The concentration is evident across XRP Ledger order-book transactions, automated market maker pools and cross-currency payments.
- The figures alone cannot establish whether institutional traders are behind the increase. Similar patterns could be generated by retail traders, automated trading systems or arbitrage strategies.
- Several other factors may explain the activity spike, including heavier trading on US exchanges, the timing of major crypto news and increased activity from arbitrage desks during the London-New York overlap.
- Evernorth said the pattern is compatible with growing institutional participation, although it stressed that this is only one possible interpretation.
- The company noted that the same period is particularly active in the global foreign-exchange market because London and New York are simultaneously open.
- XRP climbed more than 15% in 24 hours on Thursday, reaching about $1.15 after briefly hitting $1.16, while Bitcoin moved above $72,000 during a broad crypto-market rally.
- The surge follows a period in which XRP has attracted sizable orders without generating an equally strong price response.
- CoinDesk reported earlier this month that average XRP spot order sizes continued to fall within its “big-whale” classification as XRP declined from around $2.40 in January to the $1-$1.20 range.
- The pattern suggested that large orders were helping absorb market supply rather than providing definitive evidence of an impending XRP breakout.
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