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XRP has traded beyond key support levels and shows signs of strength as the broader crypto market struggles with sustained sales pressures and macroeconomic headwinds. While many digital assets have been struggling with sudden revisions in recent weeks, XRP is one of the most resilient performers, surpassing the key technology zone and raising investor interest.
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With market sentiment slowly recovering, many traders are focusing on XRP as a potential leader in the next wave of profits. Analysts believe that once the market stabilizes, it could become one of the first Altcoins to return to its previous highs. This optimism is supported by fresh on-chain data.
According to GlassNode metrics, the XRP network has recorded nearly 627,000 active addresses. This surge in network use suggests an increase in profits and adoption. This is a sign of bullishness that often leads to price acceleration. High address activity usually indicates that more users interact with the network through transactions, accumulation, and transactions.
If the broader market situation improves, this surge in activity could further drive XRP rise. As it stands, XRP is well above its main support range and looks ready for a breakout once bullish momentum returns to the market.
XRP Network Activity is where the Bulls protect key levels
Macroeconomic uncertainty and burgeoning volatility continue to shake up both the crypto and stock markets, fostering widespread fear and causing panic sales across asset classes. US trade war concerns, inflationary pressures and volatile policy moves have kept investors ahead of the board, leading to deep revisions in most cryptocurrencies. But amid this uncertainty, XRP stands out for its incredible resilience.
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Compared to major altcoins like Solana and Ethereum, both suffered significant losses, XRP remains at a strong technology level. The Bulls are able to defend key demand zones, and their current focus is reclaiming key supply areas to validate new uptrends. Despite the weaknesses of the overall market, the asset’s ability to hold support has attracted attention from both analysts and investors.
Top analyst Ali Martinez shared GlassNode’s on-chain data and revealed that XRP’s network activity is rising rapidly. With the highest 627,000 active addresses since April 2023, XRP shows new signs of adoption and use. Historically, active address spikes have correlated with bullish momentum. This is because the increase in participation usually reflects investors’ trust and trading demand.
If XRP maintains its support base and continues to show the strength of the network’s foundations, it could become one of the first altcoins once market sentiment recovers. The rise in active addresses may be an early indicator that greater movement is on the horizon.
After a small gathering, prices get stronger – turn to a $3 breakout
The XRP is trading for $2.41 after a few days of sharp swings between support and resistance. The tokens surged more than 33% at $1.89 from their recent lows, showing strong bullish momentum despite overall market uncertainty. This rebound has placed XRP among the top-performing assets in the crypto space, attracting new attention from traders and analysts.
The $2.30 level now exists as the main short-term support zone. If XRP is held above this level, the Bulls could push towards the psychological $3 mark. A clean breakout of over $3 can open the door for gatherings heading towards a range high and potentially new, top highs, depending on the sentiment of the wider market.
However, if XRP can’t maintain support at $2.30, then it’s possible to pull back to a low demand zone of $2.00, or even at a level of $1.89. This slows the pace of recovery and increases sales pressure in the short term.
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For now, XRP’s price structure remains bullish, but maintaining momentum will depend on exceeding critical levels as the broader market stabilizes. All eyes are in the next move.
Dall-E special images, TradingView chart
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