XRP Cross‑Chain Record: $4.5M Moved in One Day via Axelar
XRP reached a cross‑chain milestone on February 9, 2026, when $4.5 million worth of the token was transferred in a single day using Axelar Network’s Interchain Token Service (ITS) — the highest daily XRP cross‑chain volume recorded so far in 2026. Since January 2026, Axelar has processed more than $18.6 million in XRP across 5,326 transactions, illustrating accelerating cross‑chain adoption. Analysts credit Axelar ITS for reducing transaction costs, simplifying interoperability and unlocking XRP liquidity for DeFi, NFT marketplaces and multi‑chain dApps. The report also notes growing institutional interest in XRP (WisdomTree highlighted payment use cases) and mentions Japan’s SBI Shinsei Bank offering dividend payouts in XRP. Rumors about Ripple’s National Trust Bank approval potentially arriving soon were cited as a possible catalyst for broader payment‑rail functionality. Key SEO keywords: XRP, cross‑chain, Axelar, Interchain Token Service, interoperability, DeFi, liquidity.
Bullish
The $4.5M single‑day cross‑chain transfer and $18.6M month‑to‑date volume signal growing practical utility and liquidity for XRP across multiple chains, driven by Axelar’s ITS. For traders this is bullish because increased cross‑chain flows typically raise token utility, on‑chain activity and demand — factors that can support price appreciation or reduce sell pressure from illiquid holdings. Institutional signals (WisdomTree coverage, SBI Shinsei dividend option) and rumors of banking approvals add credibility and potential demand drivers. Short‑term impact: likely positive sentiment and higher intraday volume around XRP listings and cross‑chain bridges; possible volatility as traders front‑run adoption news. Long‑term impact: sustained interoperability and institutional on‑ramps can broaden XRP’s use cases in DeFi and payments, supporting gradual demand growth and improved liquidity. Risks: the bullish case depends on continued Axelar adoption, bridge security, and regulatory clarity — any bridge exploit, regulatory setback, or failed institutional adoption could reverse sentiment quickly. Historical parallels: similar upticks in on‑chain utility and bridge volume (e.g., when major tokens gained multi‑chain bridge usage) have preceded both sustained rallies and short, sharp volatility; traders should watch on‑chain flow metrics, bridge TVL and institutional announcements for confirmation.