CryptoOnchain

XRP Velocity Revisits Yearly Highs at 0.013

On February 3, 2026, the 7-day Simple Moving Average (SMA) of the XRP Ledger Velocity climbed to 0.013. This move is significant as it indicates the metric has returned to the highest levels observed since January 2025. Analysis: Rather than setting a new all-time high, the Velocity metric is re-testing the upper boundaries of its one-year range. Matching these peak levels signifies that the network is experiencing a recurrence of maximum turnover intensity. Crucially, this surge in on-chain activity coincides with a price decline to $1.57. When velocity matches its yearly peaks during a downtrend, it highlights extreme asset circulation—likely driven by older coins moving or high-frequency speculation. Conclusion: The market is witnessing a high-friction event. With Velocity matching its yearly ceiling while price struggles, it suggests a major “hand-exchange” event is underway. Traders should watch if this activity acts as a capitulation climax, similar to previous instances where hitting the 0.013 level marked a pivotal volatility point.