XRP has captured the spotlight in recent days as its network experienced a sharp rise in activity, signaling strong market interest. The main focus keyword here is XRP, which has lately shown signs of a notable resurgence, peaking to levels unseen in over four months.
XRP has captured the spotlight in recent days as its network experienced a sharp rise in activity, signaling strong market interest. The main focus keyword here is XRP, which has lately shown signs of a notable resurgence, peaking to levels unseen in over four months.
According to recent data, XRP’s price momentum pushed it to a high of $2.96, representing a robust four-day rally that began from a low of $2.248 on July 8. But the excitement isn’t fueled by market action alone. Data from analytics firm Santiment reveals that the XRP network saw an impressive addition of 6,939 new addresses in just one day—the highest number since March 1. This dramatic surge in wallet creation is often a telltale sign of renewed investor interest and indicates fresh capital entering the ecosystem.
The timing of this wallet explosion reflects what’s happening beneath the surface. As XRP trends upward, a wave of retail attention has followed. Social media discussions related to XRP now account for more than 5.5% of all cryptocurrency conversations. That is the largest share seen since March 18 and suggests retail investors are actively jumping back in. When greater retail enthusiasm aligns with network growth, upward momentum is more likely to sustain.
This groundswell of interest coincides with XRP’s technical breakout above crucial moving averages. Since bottoming out at roughly $1.90 on June 22, the token has steadily climbed past notable resistance levels. It surpassed the 50-day and 200-day simple moving averages, located at $2.24 and $2.36 respectively, signaling reinforced bullish sentiment. Momentum picked up dramatically from July 8 onward, when XRP’s price began accelerating with significant buying volume.
On July 11, XRP hit an intraday peak of $2.96 before experiencing mild resistance. Despite the brief pullback to $2.8, the current trajectory remains strong. Trading volume has doubled, surging 103% to $16.23 billion. With liquidity increasing and enthusiasm mounting, many traders believe a retest of the $3 mark is just around the corner.
The growing momentum is further reinforced by speculative aspirations. Market participants are now looking beyond $3, eyeing long-term price targets such as $3.40 and potentially even $5. While such projections remain speculative, the confluence of metrics—rising wallet creation, high trading volume, and dominant social presence—positions XRP to test new heights if the trend continues.
Additionally, the network’s performance has been buoyed by its broader ecosystem. Continued development from Ripple and increased interest in its application across real-world financial infrastructure have steadily contributed to XRP’s adoption.
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Quick Summary
XRP has captured the spotlight in recent days as its network experienced a sharp rise in activity, signaling strong market interest. The main focus keyword here is XRP, which has lately shown signs of a notable resurgence, peaking to levels unseen in over four months.
Source
Information sourced from official Ripple publications, institutional research, regulatory documentation and reputable crypto news outlets.
Author
Ripple Van Winkle is a cryptocurrency analyst and founder of XRP Right Now. He has been active in the crypto space for over 8 years and has generated more than 25 million views across YouTube covering XRP daily.
Editorial Note
Opinions are the author's alone and for informational purposes only. This publication does not provide investment advice.
