XRP Surges as Daily Volume Hits 1.6M: Is $2.5 Next?

XRP is once again capturing attention in the crypto market as the digital asset records an impressive surge in network activity, triggering optimism about its potential trajectory. With over 1.6 million XRP transactions processed within just 24 hours, this notable spike in activity suggests budding momentum that could push prices even higher.

This revitalized on-chain engagement marks a clear rebound from the stagnation that marked most of June. Market participants are increasingly evaluating alternatives beyond dominant assets like Bitcoin and Ethereum, and XRP appears to be stepping into the spotlight. As of now, XRP has established a firm foundation around the $2.10 zone and is consolidating near $2.19, signaling a stable upward trend since April.

This recent climb has propelled XRP beyond its 200-day Exponential Moving Average (EMA), which is considered a significant technical indicator. The token is now approaching a tight resistance area formed by the 50 and 100 EMAs, both hovering around $2.25. Breaking past this barrier could usher in a sizable rally.

Though the recent increase in volume is encouraging, analysts are urging patience, as sustained acceleration is required to confirm a robust breakout. One positive sign is seen in the Relative Strength Index (RSI), which has risen above the mid-point of 50. This implies that bullish momentum is starting to take hold, though clear confirmation of a long-term uptrend is still lacking.

Historically, XRP has required strong on-chain and market-driven surges to break significant psychological barriers. The $2.50 mark stands out as a critical threshold that has previously resisted substantial upside movements. Without continued growth in trade volume and user conviction, surpassing this level remains a challenge.

In terms of technical progression, XRP needs to decisively push beyond the $2.25 to $2.30 resistance band and convert it into support. The next test would be the $2.40 level, which proved to be a formidable ceiling during previous attempts in May. Maintaining traction above these key points is essential for XRP to potentially move toward the $2.50 benchmark.

While much of the crypto environment continues to center around top-tier coins, XRP’s recent metrics offer an intriguing alternative for market participants looking to diversify. This latest uptick in usage and investor interest suggests a shift in sentiment that may materialize into heavier demand.

Ultimately, the battle zone lies within the $2.25-$2.30 range. Should XRP break past it and sustain momentum, the path to $2.50 becomes increasingly realistic. Yet, this depends heavily on consistent follow-through in volume and buying pressure. A single spike won’t suffice to overcome well-entrenched sell zones.

As things stand, XRP’s surge in network activity shows that traders may be preparing for a new leg upward. If momentum continues and resistance levels are breached, market watchers might witness XRP making a serious attempt at reaching the $2.50 milestone—which once seemed distant just weeks ago.

Related: Expert Advice: Sell XRP If You’re Confused

It’s an exciting time for the XRP community as performance indicators align. Whether the asset can capitalize on this setup depends on how market participants respond from here. A sustained uptick in buying pressure could signal that XRP’s next major rally is just beginning.