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XRP Active Addresses Hit Highest Level Since April 2023 – Will Price Follow? | Global News Avenue

XRP Active Addresses Hit Highest Level Since April 2023 – Will Price Follow?

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XRP’s trading is above critical support levels and shows strong crypto markets fighting ongoing sales pressures and macroeconomic headwinds. Although many digital assets have suffered rigorous corrections in recent weeks, XRP remains one of the most resilient performers, occupying key technology areas and attracting growing investor interest.

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As market sentiment slowly recovers, many traders see XRP as a potential leader in the next wave of earnings. Analysts believe that once the market stabilizes, XRP may be one of the first altcoins to return to previous highs. Fresh on-chain data support this optimism.

According to GlassNode’s metrics, the XRP network records nearly 627,000 active addresses. The surge in network usage shows growing interest and adoption, a bullish sign, usually before prices accelerate. High address activity often indicates that more users interact with the network, whether through transactions, accumulation or transactions.

If wider market conditions improve, this surge in activity may bring further room for XRP. For now, XRP is above its critical support range, with Start for breakthrough Once the momentum is optimistic, return to the market.

XRP network activity surges bulls defend key levels

Macroeconomic uncertainty and soaring volatility continue to shake crypto and stock markets, exacerbating widespread fear and triggering panic sales across the asset class. The focus of the U.S. trade war, inflationary pressures and unstable policy moves put investors at a advantage, resulting in profound corrections for most cryptocurrencies. However, in this uncertainty, XRP stands out with surprising resilience.

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Compared to leading Altcoins such as Solana and Ethereum, both suffered significant losses, XRP is still at a strong level of technology. The Bulls have managed to defend the key demand zones, with the current focus on retrieving key supply areas to validate new uptrends. Despite weaknesses within the market scope, the ability to support assets has attracted the attention of analysts and investors.

Top analyst Ali Martinez Shared on-chain data from GlassNoderevealing that XRP’s network activity is surging. XRP has nearly 627,000 active addresses (highest since April 2023) showing new signs of adoption and use. Historically, spikes in active addresses are associated with bullish momentum, as rising participation often reflects investor confidence and trading demand.

XRP's Activity Address | Source: Ali Martinez on X
XRP’s activity address | Source: Ali Martinez

If XRP maintains its support base and continues to show the strength of network fundamentals, it may be one of the earliest altcoins to explode once market sentiment recovers. The rise in active addresses may be an early indicator that a larger mobile is about to be released.

Prices remain strong after small gatherings – Eyes sell for $3 breakout

XRP trades at $2.41 after a few days of sharp fluctuation between support and resistance. The token soared more than 33% from its recent low, or $1.89, showing strong bullish momentum despite market-wide uncertainty. The rebound puts XRP among the best performing assets in the cryptocurrency space, attracting renewed attention from businessmen and analysts.

Price Holds Strong Prices Over $2.40 | Source: XRPUSDT Chart on TradingView
Price holds strong prices above $2.40 | Source: TradingView on XRPUSDT chart

The $2.30 level is now a key short-term support zone. If XRP is above this level, the Bulls may push toward a psychological $3 point, which is also consistent with the historical resistance zone. Clean breakouts above $3 could open doors for range highs and potential all-time highs, depending on broader market sentiment.

However, if XRP can’t keep support at $2.30, you can get the callback to the lower demand zone around $2.00 or even $1.89. This could slow down any recovery and increase sales pressure in the near term.

Related Readings

Currently, XRP’s price structure remains bullish, but as the broader market stabilizes, maintaining momentum will depend on above key levels. Everyone’s eyes are on the next step.

Featured images from DALL-E, charts from TradingView

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