XRP, the cryptocurrency of the XRP Ledger, has experienced fluctuating daily transfer volumes, typically ranging between $300 million and $1 billion. However, since November 2024, post-Trump's reelection, the network has seen an average daily transfer volume of $2.28 billion, indicating increased activity potentially tied to speculative behavior and Ripple-related transfers. Major sales by Ripple and its co-founder, Chris Larsen, contributed to these spikes, with substantial token sales during 2024-2025. Despite these figures, Bitcoin and Ethereum far surpass XRP in daily transfer volume, averaging $23.26 billion and $5.67 billion, respectively, highlighting their greater adoption. XRP's usage appears closely linked to trading cycles rather than consistent enterprise adoption despite Ripple's initiatives for On-Demand Liquidity and other innovations aimed at expanding its applications. These efforts have yet to match the usage levels of Bitcoin and Ethereum, which benefit from ongoing institutional activity and developments in decentralized finance.

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