A single night of on-chain activity has thrust XRP back into the spotlight. Transaction volume on the XRP Ledger jumped to levels not seen recently, and its timing relative to recent price action has drawn the attention of crypto analyst Ali Martinez (@ali_charts).
Transaction Volume Explodes Overnight
The total dollar value of coins transferred across the XRP Ledger hit $49.70 billion in just one night, marking a drastic shift from prior periods. Martinez highlighted this with a bar chart from Santiment that displays transaction volume over five comparable intervals.
While the first four bars sit near the baseline, the fourth bar towers well above the rest, reaching $49.66 billion according to the chart’s labels. This massive spike occurred while XRP traded near $1.25.
XRP: THE BOTTOM IS IN
Transaction volume on the $XRP Ledger exploded last night as prices hovered around the $1.25 support.
The total dollar value of coins transferred on-chain skyrocketed to $49.70 billion, coinciding with the rebound that is now taking place.
This surge in… https://t.co/vTEFhtC5ss pic.twitter.com/fQTEvKsTKk
— Ali Charts (@alicharts) October 19, 2026
The $1.25 Level
Martinez pointed to $1.25 as a vital support level, noting that the sudden surge in on-chain activity aligned with a price rebound at that exact mark. He stated in his post that “this surge in on-chain activity around such a critical support level suggests that $1.25 could mark the bottom.”
In on-chain analysis, heavy transaction volume at a support level carries significant weight. It indicates active participation at that specific price point rather than a passive downward drift. When volume concentrates at a key level and prices hold firm, analysts interpret it as a confirmation of demand, or potentially a sign that traders are anticipating a major move.
Watching the On-Chain Volume
On-chain transaction metrics reveal actual economic activity taking place on a blockchain. A nearly $50 billion surge in a single night is far from routine. Because it happened right at a defined support level, analysts are left with a concrete reference point.
The Santiment chart shared by Martinez tracks transaction volume spanning October 15-19. The initial four days show volume clustering near the lower end of the scale, before breaking sharply upward on October 19 to reach the top of the chart.
The Path Forward
According to Martinez, XRP “could be on track for a bull rally toward $2” provided that the $1.25 support level continues to hold. His bottom line was stated directly: “The bottom is in.”
Hitting that target would require a substantial upward move from the $1.25 baseline, which now acts as a crucial safety net for XRP. Whether this support holds will dictate the digital asset’s next direction, with Martinez tying his entire outlook directly to the price maintaining its position above $1.25.
Frequently Asked Questions
What did analyst Ali Martinez claim about XRP?
Ali Martinez stated that the XRP bottom is in after a massive surge in transaction volume coincided with a price rebound at the $1.25 support level.
How much was the total transaction volume on the XRP Ledger?
The total dollar value of coins transferred on-chain skyrocketed to $49.70 billion in a single night.
What price target has been suggested for XRP if support holds?
Martinez noted that XRP could be on track for a bull rally toward $2 as long as the $1.25 support level continues to hold.
What time period does the Santiment chart cover?
The Santiment chart shared in the analysis tracks transaction volume from October 15-19.
Explained in this article
Cryptocurrency
A digital currency secured by cryptography and recorded on a blockchain, without a central bank issuing it.
Crypto prices are volatile, and governments are still deciding how to regulate it.
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A shared digital ledger in which records are grouped into blocks and linked so that past entries are very hard to change.
It underpins cryptocurrencies and is tested for payments, supply tracking and record keeping.
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Written by
Elara Winter
