Ripple moved 200 million XRP between its own addresses on October 8, then split off 20 million XRP to a new wallet, hours before the XRP Ledger's permission-delegation upgrade goes live. The transfer lands alongside a custody expansion through Paxos and a record spike in XRP Ledger payment volume.
Ripple moved 200 million XRP between its own addresses on October 8, executing the transaction at 09:37:31 UTC before splitting off 20 million XRP to a new, unknown address. Blockchain data detected the move from Ripple's internal balance to another address under its control.
Permission delegation arrives on the XRP Ledger
The transfer coincides with preparations for the PermissionDelegationV1_1 amendment, which activates at 21:25 UTC. The update lets corporate account owners use DelegateSet transactions to assign up to ten specific roles, such as compliance or internal audit, to third-party applications without exposing the wallet's private master keys.
Custody expansion and market cap
Ripple is also moving into traditional custody and brokerage services, according to the Wall Street Journal. Infrastructure provider Paxos is adding XRP to its regulated platform, opening the asset to clients such as PayPal and Charles Schwab.
XRP currently carries a $95 billion market capitalization across 8.1 million wallets. Ripple's stablecoin RLUSD has surpassed a $2.5 billion market cap.
Price retest and record ledger volume
XRP's current correction to $1.3942 represents a healthy retest of the upper boundary of the broken multi-month descending wedge and the long-term moving-average cluster in the $1.26-$1.27 range.
XRP Ledger payment volume spiked to a record 858 million in a single day, before easing to 693.6 million, a 19.2% decrease from that peak. The 30-day average of 674.5 million suggests daily transfers near 700 million have become the new baseline, leaving the network with 48% left to reach a sustained billion-a-day threshold.
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