XRP's price has rebounded by 4% to $2.33 after reaching a key support level, marking a significant recovery. This price movement coincides with a notable increase in network activity on the XRP Ledger, where over 21,500 new wallets were created in just 48 hours, the fastest growth in eight months. Despite the price uptick, derivatives markets show cautious sentiment. Futures volume has decreased by 35.95% to $8.62 billion, while open interest has seen a slight increase to $3.49 billion. Analysts from Santiment and CryptoQuant have observed a rise in transaction activity on the XRP Ledger's decentralized exchange, with the price now approaching the mid-Bollinger Band. The $2.45–$2.50 range is identified as a key resistance level.