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XRP trading clusters in London-New York overlap, with 23% in three hours

On-chain XRP trading is increasingly concentrating when the London and New York financial markets are open at the same time, an analysis shows. Evernode found about 23% of total on-chain XRP volume occurs during the three hours from 1300 to 1600 UTC on weekdays, up from about 14% in July 2025. The activity rise appears across order books, AMM pools and cross-currency payments, while the network remains open 24 hours.