Ripple-linked XRP jumps 15% as data shows 'banker hours' onchain pattern
XRP prices rose 15% following data showing increased trading activity during the overlapping business hours of London and New York markets. Analysts suggest this pattern reflects growing institutional interest in the cryptocurrency.
Why it matters
The shift in trading patterns toward traditional banking hours suggests that crypto markets are increasingly aligning with institutional financial behaviors.
About 23% of the XRP changing hands on the XRP Ledger now does so during a three-hour window covering the London afternoon and New York morning, up from roughly 14% a year ago, according to ledger data analysed by treasury firm Evernorth shared with CoinDesk.
The window is 12.5% of a full day, so activity inside it now runs at nearly twice the rate it would if trading were spread evenly around the clock. Those three hours are the only stretch when London and New York are both open, and the busiest period in global currency trading, when liquidity from both regions overlaps.
The pattern shows up across all three ways XRP moves through markets built into the ledger — namely its order book, its automated market maker pools, and cross-currency payments routed through both.
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