After a period of slowdown, XRP is making headlines again with a surge in its on-chain activity. The network has surpassed the 2 million transactions mark, indicating a potential renewed interest from investors.
XRP Surpasses a Symbolic Milestone
The XRP network has just recorded over 2 million transactions, reflecting a rebound in on-chain activity after a period of slowdown. This surge is accompanied by several major trends: an increase in trading volumes, price stabilization around $2.30 after hitting a low near $2.10, and growing investor interest, which could indicate renewed confidence in the asset. However, an increase in buying volume is needed to confirm the recovery.
A Bullish Signal or Just a Simple Rebound?
The current technical setup shows that XRP is still moving within a bearish channel. To reverse this trend, several elements need to come together: breaking above the 50-EMA moving average around $2.50, closing above the key level of $2.55, and increasing trading volume. External factors, such as the BRICS' desire to reduce dependence on the dollar, could also influence XRP's trajectory.
A Trajectory to Watch Closely
The surge in on-chain activity of XRP coincides with a key moment for the crypto market. If the trend is confirmed, several scenarios are possible: a return towards $3 in case of a breakthrough of technical resistances, a pullback to $2 confirming a phase of uncertainty, or strengthened institutional adoption if XRP gains favor with the BRICS.
In a changing financial landscape, XRP still needs to prove its ability to integrate into a sustainable dynamic. The interest of investors will be decisive in the weeks to come, as the BRICS and other actors explore alternatives to traditional financial networks.
