$XRP
has an interesting divergence right now.

$XRP Ledger activity has jumped sharply, but some of the underlying metrics are moving the other way, with payment volume reportedly falling significantly.

At the same time, U.S. spot XRP ETFs just recorded about $110M in weekly inflows their strongest week of 2026.

So there’s clearly institutional demand, but the network data still needs to catch up.

For me, this makes $XRP one to watch closely. The next move should tell us whether this is genuine accumulation or simply strong market interest meeting weaker on-chain usage.