XRP Active Addresses Hit Highest Level Since April 2023 Will Price Follow?

XRP is trading above crucial support levels and showing signs of strength as the broader crypto market struggles with persistent selling pressure and macroeconomic headwinds. While many digital assets have suffered steep corrections in recent weeks, XRP has remained one of the most resilient performers, holding above key technical zones and attracting growing investor interest. Related Reading: Ethereum Trades At A Critical Level Major Reclaim Or Steep Drop Ahead? With market sentiment slowly recovering, many traders are eyeing XRP as a potential leader in the next wave of gains. Analysts believe that once the market stabilizes, XRP could be among the first altcoins to rally back toward previous highs. This optimism is supported by fresh on-chain data. According to metrics from Glassnode, the XRP network has recorded nearly 627,000 active addresses. This surge in network usage suggests growing interest and adoption, a bullish sign that often precedes price acceleration. High address activity typically indicates more users interacting with the network, whether through transactions, accumulation, or trading. If the broader market conditions improve, this spike in activity could fuel further upside for XRP. As it stands, XRP is positioned well above its key support range and looks primed for a breakout once bullish momentum returns to the market. XRP Network Activity Surges Bulls Defend Key Levels Macroeconomic uncertainty and surging volatility continue to shake both the crypto and equities markets, fueling widespread fear and triggering panic selling across asset classes. U.S. trade war concerns, inflationary pressure, and erratic policy moves have kept investors on edge, leading to deep corrections in most cryptocurrencies. Yet, amid this uncertainty, XRP stands out with surprising resilience. Related Reading: Dogecoin Forms A Daily Bullish Pattern Analyst Expects A Breakout To $0.43 Compared to leading altcoins like Solana and Ethereum, which have both suffered notable losses, XRP remains at a strong technical level. Bulls have managed to defend key demand zones, and the current focus is on reclaiming critical supply areas to validate a new uptrend. The assets ability to hold support despite market-wide weakness has caught the attention of analysts and investors alike. Top analyst Ali Martinez shared on-chain data from Glassnode, revealing that XRPs network activity is surging. With nearly 627,000 active addressesthe highest since April 2023XRP shows signs of renewed adoption and usage. Historically, spikes in active addresses correlate with bullish momentum, as rising participation typically reflects investor confidence and transactional demand. If XRP maintains its support base and continues to show strength in network fundamentals, it could be one of the first altcoins to break out once market sentiment recovers. The rise in active addresses may be an early indicator that a larger move is on the horizon. Price Holds Strong After Small Rally Eyes Set on $3 Breakout XRP is trading at $2.41 after a volatile few days of sharp swings between support and resistance. The token surged over 33% from its recent low at $1.89, showing strong bullish momentum despite market-wide uncertainty. This rebound has placed XRP among the top-performing assets in the crypto space, attracting renewed attention from traders and analysts. The $2.30 level now stands as a key short-term support zone. If XRP holds above this level, bulls are likely to push toward the psychological $3 mark, which also aligns with a historical resistance area. A clean breakout above $3 could open the door for a rally toward range highs and potentially new all-time highs, depending on broader market sentiment. However, if XRP fails to maintain support at $2.30, a pullback into lower demand zones around the $2.00 or even $1.89 levels is possible. This would likely slow the pace of any recovery and increase selling pressure in the short term. Related Reading: On-Chain Data Signals Key Test For Solana At $135 Level Insights For now, XRPs price structure remains bullish, but maintaining momentum will depend on holding above key levels as the broader market stabilizes. All eyes are on the next move. Featured image from Dall-E, chart from TradingView

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XRP Price Bullish Potential Grows A Surge Above $0.65 Will Triger Buyers

XRP tests a crucial supply level after days of choppy price action, showing signs of strength as it prepares for a potential breakout. The price has surged approximately 13% since Friday, putting it within striking distance of the key psychological level at $0.65. Reclaiming this level would signal the start of a new bullish cycle and renewed market optimism. Related Reading: SUI Ready To Test $2 Resistance Bullish Pattern Suggests New ATH Soon Analysts and investors closely watch this price movement, hoping XRP will break above $0.65 in the coming days. With the broader crypto market pushing for higher prices, there is a growing sentiment that XRP will follow suit and continue its upward trend. If momentum continues, surpassing this level could set the stage for a more significant rally, with expectations of new highs.  However, failure to break through could lead to further consolidation or even a retracement. The next few days will be pivotal for XRP as it attempts to solidify its bullish trajectory. XRP Testing A Crucial Resistance  XRP is at a critical turning point as it nears the crucial $0.65 mark, a level it hasnt consistently closed above since March, aside from a brief breakout. Investors and analysts closely monitor the price action, speculating about potential outcomes as the market remains uncertain. The inability to close above this resistance level has kept XRP in a consolidation phase for months, leaving traders anxious for a clear direction. Prominent crypto analyst Crypto Tony has weighed in on the situation, sharing a detailed technical analysis on X, highlighting this price level’s significance. According to Tony, reclaiming $0.65 would signal that bulls are back in control, setting the stage for a potential rally.  In his analysis, Tony suggests that if XRP breaks through this resistance, it could push the price to a new target of $0.92a significant 40% surge from current levels. Related Reading: Solana (SOL) Could Go Parabolic Once It Breaks $200 Resistance Analyst The $0.65 level holds substantial psychological and technical importance, and a successful breakout would likely shift market sentiment in favor of a sustained uptrend. However, until this level is decisively reclaimed, uncertainty remains.  All eyes are on XRP to see if bulls can drive the price to new highs in the coming weeks. Price Action: Key Levels To Watch  XRP is trading at $0.63 after months of volatile price action marked by aggressive pumps and discouraging dumps. The $0.65 level has acted as a daily resistance since early 2023 and was previously a key demand level, offering support from April 2021 to May 2022. However, this level has flipped into a challenging resistance zone for XRP. If bulls want to regain control and push higher, XRP must break past $0.65 and confirm it as support. A successful breakout would signal strength and potentially set the stage for a larger rally.  However, failure to break through this level would lead to a correction toward the daily 200 moving average (MA) at $0.54, representing a 12% drop. This scenario could also result in further sideways consolidation for XRP, extending the uncertain price action for the coming months. Related Reading: Dogecoin Could Target $0.20 Soon, Analyst Predicts Is DOGE Primed For A Rally? With the market pushing higher, XRPs next moves will determine whether it can keep up the bullish momentum or consolidate. For now, the $0.65 mark remains the key level to watch. Featured image from Dall-E, chart from TradingView

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XRP Surges 10% As Whales Participate In $300 Million Buying Spree

On-chain data shows the XRP whales have participated in a significant amount of buying recently, a potential reason behind the asset’s surge. XRP Whales Have Added 470 Million Tokens To Their Supply Recently As explained by analyst Ali Martinez in a new post on X, the XRP whales have expanded their holdings over the last [...]

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XRP Surges Past $3.2 As Whale Activity Spikes 81%

XRP has enjoyed a rally beyond the $3.2 mark as on-chain data shows the cryptocurrency is among the altcoins witnessing the largest whale activity spikes. XRP Whale Transaction Count Has Exploded Recently In a new post on X, the on-chain analytics firm Santiment has shared the list of altcoins that have seen the largest jumps in Whale Transaction Count during the past week. The “Whale Transaction Count” here refers to an indicator that keeps track of the total amount of transfers occurring on a given network that are carrying a value of more than $100,000. Related Reading: Litecoin (LTC) Jumps 19%: Whats Behind The Rally? Only the whale entities are usually capable of moving such large amounts with single transactions, so the metric is assumed to reflect the level of activity in which these humongous investors are participating. When the Whale Transaction Count has a high value, it means the whales are making a large number of moves on the blockchain. Such a trend implies these key holders have a notable interest in trading the asset. On the other hand, the indicator being low suggests that large investors may not be paying much attention to the cryptocurrency as their transactions remain at a low level. Now, here is the table posted by the analytics firm that shows the ranking of the altcoins (with a market cap greater than $500 million) in terms of the percentage increase in the Whale Transaction Count over the past week: As is visible above, there have been seven cryptocurrencies that have witnessed a Whale Transaction Count spike of at least 100% in this period. The altcoin that most stands out on the list, however, is actually in the eighth spot: XRP (XRP). The asset has witnessed around an 81% increase in whale activity during the last seven days, which, while lesser than the others, is still more impressive simply because of the fact that the coin has a much more massive market cap. XRP would already have many whales active on the blockchain, so to still register a growth of this degree would imply an extraordinary rise in transactions in pure numbers. Generally, a high Whale Transaction Count is something that can lead to volatility in an asset’s price. The emerging price action can be in either direction, as the indicator only tracks the number of transfers and contains no information about whether the whales are making the moves for buying or selling purposes. Related Reading: XRP, Bitcoin Recovery Only Short-Lived? TD Sequential May Suggest So In XRP’s case, though, it would appear that these transactions have been for buying indeed, as its price has seen an impressive rally of almost 41% inside the window. Interestingly, the altcoin that has topped the list isn’t one with a variable price, but rather a stablecoin: Dai on the BNB blockchain. “For stablecoins, increased activity is typically a good sign that large levels of funds are being prepared to be swapped for altcoins that are common with that stablecoin’s trading pair,” notes Santiment. XRP Price At the time of writing, XRP is trading around $3.2, down 2% over the last 24 hours. Featured image from Dall-E, Santiment.net, chart from TradingView.com

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XRP Hype Spikes As Price Surges 12%, Is This A Top Signal?

Data shows the hype around XRP has spiked as the asset has registered a 12% gain during the past week, something that may lead to a top. XRP Social Dominance Has Surged To High Values Recently According to data from the on-chain analytics firm Santiment, crowd optimism around XRP has shot up recently. A relevant indicator here is the “social volume,” which measures the total number of unique social media text documents that are currently making mentions of a given coin or topic. These “social media text documents” refer to text-based posts or threads sourced from various popular social media platforms like Reddit, Twitter, and Telegram. Since this metric only measures the unique number of such documents, it means that even if a post mentions the cryptocurrency in question several times, its share of the social volume still only remains one unit. Because of this restriction, the indicator can provide a reliable picture of whether the users in the wider social media platforms are discussing the asset or not right now. Another indicator, called “social dominance,” is also of interest here; this metric compares the social media of the cryptocurrency (which would be XRP in the current case), to that of the combined social volume of the top 100 assets by market cap in the sector. Now, here is a chart that shows the trend in the XRP social volume, as well as the social dominance, over the last year: The two metrics seem to have observed some pretty high values in recent days | Source: Santiment on Twitter As displayed in the above graph, both the XRP social volume and the social dominance have spiked to high levels recently. At the peak of this surge, the latter indicator had hit a value of 16.2%, which means that 16.2% of all discussions on social media websites related to the top 100 assets were about the token. Related Reading: Bitcoin Wealth Is Transferring From Old To New Hands, Why This Is Positive These elevations in the social metrics of the cryptocurrency have come as the price has outperformed all the largest coins in the market after registering a gain of more than 12% during the past week. Generally, whenever the social volume rises along with a price rise, it means that the investors are becoming more optimistic about the near-term outcome of the asset. While such positive attention can sometimes help fuel the price rise further, it’s also true that too much of it can actually have the opposite effect on the cryptocurrency. Historically, digital asset markets have tended to move against the expectations of the opinion of the crowd, so a large amount of hype and euphoria can offer the perfect recipe for the formation of a top to take place. Related Reading: Bitcoin Price Takes Hit – Upsides Turn Attractive To Sellers The latest spike in the social dominance of XRP doesn’t necessarily have to be bearish, but it’s still something that can increase the probability of a top taking place. Though, there has also been a bullish sign for the asset recently, as the number of active addresses has rapidly increased. Such a trend is usually a sign that a large number of users are participating in the blockchain, which is something that can help the price rise to be more sustainable. XRP Price At the time of writing, XRP is trading around $0.5047, up 12% in the last week. Looks like the coin has enjoyed a rise recently | Source: XRPUSD on TradingView Featured image from Kanchanara on Unsplash.com, charts from TradingView.com, Santiment.net

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