The post XRP Just Settled $291 Million On-Chain, Almost Nothing Hit Binance: Find Out What’s Happening appeared on BitcoinEthereumNews.com.

XRP has reclaimed key price levels and is now testing resistance as the market builds toward what looks like a decisive move. The price is accelerating — from $1.41 at the time of the data snapshot to past $1.45 shortly after — and the momentum is drawing attention. But an XWIN Research Japan analysis is arguing that the force behind this move is different from what has driven XRP rallies in the past, and that difference is worth understanding. The report identifies what it describes as a rare structural divergence. In most crypto markets, exchange speculation dominates. Trading volumes on centralized exchanges typically run 10x, 20x, sometimes 50x higher than actual on-chain utility. The assumption baked into most crypto price analysis is that speculation is the engine and real use is the passenger. For XRP, that ratio has compressed to 1.75. On-chain settlement volume stands at 291 million XRP. Aggregate speculative volume sits at 510 million. The gap between the casino and the infrastructure has nearly disappeared. And in the context of how crypto markets normally operate, that is genuinely unusual. What it suggests is that the price is not being pushed by traders chasing momentum. It is being pulled by adoption. The network is being used at a scale that is nearly matching the volume being traded around it — and according to the analysis, that changes everything about what the current price level means. The Network Is Active. The Exchanges Are Nearly Empty The supporting data behind the speculation-to-utility ratio removes any ambiguity about what is driving the current XRP move. Active addresses on the XRP Ledger reached 17,329 in the past 24 hours — a reading that broke above the weekly average and confirms that network participation is genuinely expanding, not just speculative volume inflating the numbers.…

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Filed under: News - @ April 18, 2026 5:15 am