XRP, which has been sidelined in recent months, is experiencing a dramatic comeback thanks to a surge in network activity and trader interest.
Dramatic Growth in XRP Network Activity
Since April 19, XRP has seen a significant increase in on-chain payments, skyrocketing by 600% in just four days, reaching 838 million XRP exchanged on April 23. On the same day, more than 11.7 million transactions were processed, marking a record for the year. Furthermore, active addresses increased by 67.5%.
Price Movements and Technical Analysis of XRP
On the price chart, XRP is in a tense situation. After briefly rising to $2.27, the token retreated to around $2.13. The $2.06 support level may prove crucial. Two scenarios emerge: a bounce back targeting $2.27 or a drop below $2.06 towards $1.86 or even $1.70.
Sustainability of XRP's Comeback
This revival is not just a technical spike. The increase in activity aligns with the return of investor confidence and renewed interest from institutional traders. The XRP Ledger shows real signs of strength, and the overall market context may allow for a promising future.
From the activation of the network to potential market breakthroughs, XRP is asserting itself once more. However, the question of whether this recovery is sustainable remains open.
