XRP has rebounded sharply, climbing over 25% to reach $1.41 after dipping below $1.15. This rapid recovery occurred within 18 hours, driven by heightened whale activity, with 1,389 transactions exceeding $100,000, marking the highest level in four months. Additionally, active XRP addresses surged to 78,727 in an eight-hour period, the highest in six months, indicating increased network participation.
The price volatility comes as the broader crypto market experiences turbulence. XRP's price movement has been closely linked with on-chain activity, as the token temporarily reached over $1.50 before stabilizing. Current trading levels show support at $1.29 and resistance at $1.53. The recent spike in whale transactions and active addresses suggests a strong correlation between on-chain activity and price recovery.
XRP Surges Over 25% Amidst Record On-Chain Activity
Disclaimer: The content provided on Phemex News is for informational purposes only. We do not guarantee the quality, accuracy, or completeness of the information sourced from third-party articles. The content on this page does not constitute financial or investment advice. We strongly encourage you to conduct you own research and consult with a qualified financial advisor before making any investment decisions.
