The XRP network recorded a 280% surge in transactions exceeding one million dollars, with 38 such transfers recorded over 24 hours. This increase followed a week of accumulation during which addresses holding large balances acquired more than 450 million XRP, pushing daily active addresses to 50,000, a two-month high. South Korea’s Jeonbuk Bank announced the integration of the Ripple Payments platform for commercial settlements, routing its cross-border transfers through the XRP Ledger without using the traditional SWIFT interbank system. In Washington, a closed-door meeting between Ripple executives, SEC Chair Paul Atkins, and acting CFTC Chairman Michael Selig is being prepared after the Senate postponed its vote on the CLARIFY Act until September. XRP is holding the psychological support level of one dollar, and market participants interpret this supply accumulation by large holders as a leading signal that XRP’s bullish trend may resume.
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