The cryptocurrency market is showing signs of recovery following a sharp decline spurred by US tariff policies.
On-Chain Metrics Soar
Despite the recent crash, XRP investors appear to be seizing the opportunity to accumulate at lower levels. According to analyst Ali Martinez, the number of active XRP addresses has surged by 620%, reaching 462,650.
Is a Bullish Recovery in Sight?
Despite bearish market pressure, the rebound from the 100-day Simple Moving Average and testing of the key resistance zone at $2.51 might indicate potential bullish recovery.
Technical Analysis of XRP
A successful breakout above this resistance zone supported by strong trading volume could fuel a price rally to $3.50–$3.75, confirming bullish momentum and opening the possibility for an extended uptrend.
The observed market activity suggests a potential shift in trend; however, market participants should closely watch XRP's price dynamics in the coming days.
