The XRP Ledger’s payment volume exceeded 929 million XRP on September 29, rising 35.1% in one day and moving well above the roughly 615 million XRP 30-day average. Volume later declined to 708.6 million XRP, down 23.8% over 24 hours, but remained above the updated 30-day average of 624.2 million. The latest surge came as XRP’s price drifted lower to $1.48 from a late-September high of $1.66. XRP remains above its 200-day moving average near $1.37, while the earlier break above a descending trendline remains intact and the RSI is near the midpoint. The ledger’s broader activity also includes an 848% increase in the fee-burn rate, 2.9 million total transactions, 1.9 million successful transactions and 1.2 million payments. Rising payment activity may indicate stronger utility, but traders are looking for sustained volume and support between $1.45 and $1.37 before concluding that network usage is translating into durable demand.