Ripple's XRP network is witnessing a significant increase in user activity, raising optimism among investors.
Surge in Active Accounts
The XRP network shows a 30% increase in active accounts. Over 26,000 unique senders have been registered, indicating a recovery in user engagement. This increase in activity boosts confidence among investors.
XRP Market and Resistance Levels
Currently, XRP is consolidating around $3.00, above the 50-day and 100-day moving averages. This value is below July's highs, but rising purchase volumes indicate growing confidence among market participants.
Potential Price Movement Prospects
XRP is facing resistance at the $3.10 level, which may serve as a crucial barrier for further growth. If it breaks this level, XRP could rise to the $3.40-$3.50 range, assuming positive user activity continues. Without sufficient momentum, a drop to the $2.78 support level is possible.
The increase in user activity for XRP creates a positive backdrop, although price growth is not guaranteed. Keep an eye on the dynamics to not miss important market changes.
