XRP network activity surged 67% in 24 hours – Is a major move about to happen?

XRP has emerged as one of the most stable-performing cryptocurrencies in the crypto space in recent months, showing relative strength even as broader market conditions remain uncertain. After a steady increase, XRP is now facing a crucial test near the resistance zone of $2.10–$2.20 — a level that could determine the next major move for the asset. Despite this barrier, recent data indicates strong underlying network activity supporting the bullish case. According to Glassnode, XRP network activity has surged by 67.50% in recent days, with the number of active addresses rising from 27,352 to 40,366. This spike in activity indicates increasing interest and participation on-chain, a key indicator often associated with sustainable momentum. As investors closely monitor the broader market's response to macroeconomic events, XRP stands out as a token that continues to attract attention based on both price performance and levels of interaction on the blockchain. With the bulls trying to break through the resistance level, the coming days will be crucial for the trajectory of XRP. A successful breakout could ignite a new bullish phase, while a rejection could lead to short-term consolidation. Either way, the increasing on-chain metrics of XRP indicate that this asset is still on the radar of investors. The XRP market is heading for a breakthrough as active addresses surge. Bullish XRP speculators are holding strong as the market prepares for the next big move. After consistently maintaining above the $1.80 level, XRP now seems to be in a good position to continue its bullish momentum. Analysts are becoming increasingly optimistic, especially as the broader macroeconomic environment shows signs of eventual easing. As tensions between global superpowers begin to cool and the market becomes clearer, many believe that a strong rally across cryptocurrency assets, led by XRP, could occur. As market sentiment becomes more positive, some analysts warn of another pullback before a real breakout occurs. They believe the market may need to establish a stronger demand base by dropping below the current lows to shake out the weak hands. This view contrasts with the more optimistic narrative, but both sides agree: a large move is in the making. Adding to the bullish argument, cryptocurrency analyst Ali Martinez shared important data from Glassnode showing that the activity on the XRP network has increased significantly. In recent days, active addresses on the XRP Ledger have risen by 67.50%, from 27,352 to 40,366.

This spike signals heightened user engagement and growing on-chain demand—often a precursor to notable price movements. With accelerated network activity and a holding price structure, XRP may be approaching a critical inflection point. The price must face an important technical test: Can the bulls defend the $2 level? XRP is currently trading at $2.10, indicating a recovery near a key support zone. However, a technical warning is flashing on the chart. The 200-day exponential moving average (EMA) is on the verge of crossing below the 200-day simple moving average (SMA), a pattern that often signals a weakening bullish momentum or potential market fatigue.

This development puts additional pressure on the buyers to defend the support level of $1.95. A drop below this level could lead to a deeper bearish trend and reset market sentiment. Currently, holding above this zone remains crucial to maintain the short-term bullish structure and avoid a larger retracement. On the positive side, a decisive breakout above the $2.25 level will confirm new buying interest and mark the beginning of a recovery. Such a move could push XRP towards the upper boundary of the current zone and ignite momentum across the broader altcoin market. As XRP navigates this critical moment, traders are closely watching to see if the bulls can maintain the bullish momentum or if a deeper consolidation phase is approaching. With network activity increasing and investor interest still strong, this price zone could determine the next major direction for XRP.

View Original
The content is for reference only, not a solicitation or offer. No investment, tax, or legal advice provided. See Disclaimer for more risks disclosure.
  • Reward
  • 1
  • Share
Comment
0/400
GateUser-675d804dvip
· 04-23 06:55
Hold on tight, we are about to To da moon 🛫
View OriginalReply0