- XRP operates 24/7, but its on-chain trading activity is increasingly concentrated around a narrow period that mirrors traditional market hours.
- Data analyzed by treasury firm Evernorth shows that roughly 23% of XRP activity on the XRP Ledger now takes place during a three-hour window covering the London afternoon and New York morning. A year ago, that figure was closer to 14%.
- Since the window represents only 12.5% of the day, the concentration means XRP activity during those hours is nearly double the rate expected from an evenly distributed 24-hour market.
- The period coincides with the overlap between London and New York, when two of the world’s biggest financial centers are operating simultaneously and global FX liquidity is typically at its peak.
- The same concentration can be seen across XRP Ledger order books, automated market maker pools and cross-currency payment activity.
- However, the data does not establish that institutional investors are driving the trend. Retail participants, trading algorithms and arbitrage firms could also be responsible for the increased activity.
- The overlap period naturally attracts heavier crypto activity because US exchanges tend to see stronger volumes, major market news is often released and arbitrage desks are generally operating at full capacity.
- Evernorth said the pattern is consistent with rising institutional involvement, while acknowledging that other market dynamics could produce a similar result.
- The firm pointed out that the London-New York overlap is already a key trading period for global foreign exchange and represents the only time when both major financial hubs are open simultaneously.
- XRP climbed more than 15% in 24 hours on Thursday, trading near $1.15 after briefly reaching $1.16. The move came as the broader crypto market rallied and Bitcoin climbed above $72,000.
- The latest advance comes after months of large XRP orders appearing in the market without triggering a significant price response.
- Earlier this month, CoinDesk reported that average XRP spot trade sizes remained within the “big-whale” category as the token declined from roughly $2.40 in January to between $1 and $1.20.
- That behavior pointed more toward continued absorption of supply than a clear signal that XRP was preparing for an immediate breakout.
XRP Rallies 15% as ‘Banker Hours’ Pattern Emerges on the Blockchain
