XRP has recorded a significant number of transactions in recent days, indicating active movements among large investors and potential market changes.
Increase in XRP Transaction Activity
Over three days, XRP processed more than 4 million transactions, indicating rising activity among large investors. This surge followed a price breakout above the $2.20 resistance level that had previously capped gains.
Current Market Metrics for XRP
On May 10, XRP reached a price of $2.47 but then retraced to $2.30, which is typical after sharp price movements. The transaction volume in recent days surpassed 1.3 million daily, which is rare for XRP and suggests that large investors are repositioning their holdings.
Prospects and Expectations for XRP
Analysts note that the next significant target is the resistance level at $2.50. If XRP breaks above this level, it could lead to further growth towards $3.00. However, price fluctuations also depend on the activity of large investors and transaction volumes.
The recent activity in XRP, including transaction counts and price movements, creates a positive outlook for the asset, although expectations for further growth remain uncertain.
