XRP trading has developed a pronounced weekday peak during overlapping London and New York business hours. Evernorth highlighted that the three-hour window captured 23.5% of weekday on-chain volume in July, up from 14.3% a year earlier.
Key Takeaways
Three weekday hours accounted for 23.5% of July’s on-chain XRP volume.The same period accounted for 14.3% of volume in July 2025.Public ledger records cannot confirm whether institutions drove the shift.Evernorth stated:
“XRP’s on-chain market has been growing during banker hours, according to ledger data we looked at last week. It’s consistent with growing institutional interest.”
“Three hours a day (London’s afternoon, New York’s morning) now carry ~23% of all the XRP that changes hands on-chain. A year ago it was ~14%,” the firm added.
The chart included in Evernorth’s X post shows a sharp July 2026 concentration of volume during the London-New York overlap, with XRP activity peaking near 10% at 2 p.m. Coordinated Universal Time. The highlighted three-hour period captured 23.5% of weekday on-chain volume, compared with 14.3% during the same July 2025 window, indicating a stronger concentration around traditional financial-market hours.
Pattern Spans Three XRPL Trading ChannelsEvernorth detailed:
“The same shift shows up across all three ways to trade on XRPL, including the order book, AMM pools, and cross-currency payments routing through them.”
Ledger Timing Suggests Institutional Activity, Not ProofEvernorth noted:
“Nothing about XRP closes at 5 pm. But we’re definitely seeing some rush hours.”
