XRP rose about 15% in the last 24 hours, reaching roughly $1.15, after data showed increased on‑chain activity during the three‑hour overlap of London and New York trading hours.

The XRP Ledger operates continuously, but a treasury firm, Evernorth, reported that about 23% of all XRP transactions now occur in the London‑New York overlap window, up from roughly 14% a year earlier.

That window represents 12.5% of a full day, yet transaction volume runs at nearly twice the rate it would if activity were evenly distributed. The elevated activity appears across the ledger’s order book, automated market maker pools and cross‑currency payment channels.

Evernorth said the shift aligns with growing institutional interest in XRP, though the data do not identify the parties behind the trades.

The price jump follows months of large orders that previously had limited impact on XRP’s price, which had traded in a range between $1 and $1.20 after falling from about $2.40 in January.

While crypto markets run 24/7, the overlap period coincides with heightened retail volume on U.S. exchanges and fully staffed arbitrage desks.

The source of the increased on‑chain orders remains unclear, and further observation will be needed to determine whether the pattern reflects sustained institutional demand.