XRP's surge in active addresses to 626,854 hints at growing investor interest, driving its price up to $2.55. Chart analysis indicates potential bullish continuation.
XRP Network Activity and Price Movement
XRP's active addresses surged to 626,854 on March 19, the highest since April 2023. This uptick in activity spurred a price increase to $2.55, highlighting renewed investor interest in XRP.
XRP Breaks Out of Descending Wedge
Analyst Steph notes that a descending wedge pattern has formed since early 2025. A breakout above resistance indicates potential bullish momentum, with a key resistance level around $2.50 suggesting a trend reversal.
Potential Targets for XRP
If bullish momentum continues, XRP could target levels above $3.00. Rising volume at the breakout point confirms strong buying pressure, suggesting a possible trend reversal.
The increased active addresses and breakout from a descending wedge may signal a trend reversal for XRP. Potential targets above $3.00 make the cryptocurrency a point of interest for investors.
