Ripple's recent victory over the SEC triggered a 400% spike in XRP network activity. Investors anticipate a price breakout at $4.35.
On-Chain Activity and ETF Hopes
Following the end of the lawsuit, XRP's daily active addresses have surged by 400%, reaching 627,000—the highest since April 2023. Analyst Ali Martinez highlighted the 'light-up' of the network amid fresh price momentum. Ripple CEO Brad Garlinghouse noted the expected launch of an XRP ETF in the second half of 2025.
Whales Accumulate XRP
Large wallets continue to accumulate XRP despite cooling prices. According to Santiment, wallets holding between 1 and 10 million XRP increased their holdings by 10% in the last two months. These wallets now collectively hold 5.81 billion XRP. However, wallets with 10 to 100 million XRP displayed mixed behavior.
Technical Analysis and XRP Growth Prospects
Amoynx analysis indicates XRP price action is forming a symmetrical triangle pattern, signaling a breakout target at $4.35, approximately 80% above current levels. However, derivatives market funding rates remain negative, indicating trader caution.
The outlook remains mixed: legal clarity boosts positivity, but caution persists amid technical and market data. Investors await ETF decisions to determine XRP's next move.
