Amid strong network activity, XRP is beginning to show signs of recovery after a prolonged period of low volatility.
Surge in XRP Transactions Over Recent Days
The XRP network processed over 1.6 million transactions in the last day, marking a noticeable increase compared to the slow volume that characterized most of June.
Technical Indicators and Resistance Levels
XRP is gradually regaining ground and approaching key resistance levels on the price chart. The asset is oscillating around $2.19 after climbing from the $2.10 zone, which has been crucial support since April. Despite the slight volume increase, further acceleration is necessary for a sustained breakout. The RSI above 50 indicates a momentum shift from neutral to slightly bullish.
Prospects for Reaching $2.50
For XRP to reach $2.50, it must first successfully break through the $2.25-$2.30 moving averages and remain above them. The next challenge would be to regain the $2.40 zone, which repeatedly restrained price increases in May. Given the recent uptick in on-chain activity, this scenario seems feasible.
Currently, XRP is regaining trader interest due to increased transaction volume and price movements. Overcoming entrenched selling pressure to reach $2.50 will require higher volumes and confirmed buyer conviction.
