XRP has gained approximately 7% in value over the last 24 hours, reaching $2.22.
Increased trading volume and strengthening technical signals have redirected cryptocurrency enthusiasts’ attention to this asset. Growth in network activity and expert opinions suggest that XRP may target even higher levels in the upcoming period.
Strong Trading Volume and Technical Indicators
XRP’s 24-hour trading volume has surged to $4.77 billion, marking a significant rebound. This increase indicates that investors are returning to the market and regaining confidence. During a time when major cryptocurrencies like Bitcoin 
$93,643 and Ethereum 
$1,795 are experiencing volatility, XRP’s comparatively stable performance in investment products also supports this renewed interest.
Data from analytical platforms reveal a significant rise in network activity. According to Glassnode, the number of active addresses on the XRP network increased by 67.5% within a day, reaching 40,366. This surge signals momentum supported not only by price movements but also by user engagement.
On the technical side, XRP’s price is approaching the upper Bollinger band on the daily chart. The RSI is currently around 56.59 and has not yet entered the overbought zone. This situation provides hope that the upward trend may be sustainable.
Expert Opinions and Potential Scenarios
Crypto analyst Dark Defender argues that the fourth-wave correction on XRP’s weekly chart is nearing its end. According to him, the reaction at the $2.1937 level indicates the start of the fifth wave. This approach is based on strategies rooted in Elliott Wave Theory in technical analysis.
Additionally, popular analyst Ali Martinez offers a bullish perspective. He notes the formation of an inverse head and shoulders pattern in XRP’s charts, suggesting a strong potential for upward breakout. He believes that surpassing the $2.40 level could lead the price towards the $2.70 target.
In technical analysis, key support levels are identified at $2.00 and $1.88, while resistance points stand at $2.222 and $2.40. Investors are closely monitoring these levels to shape their positions.
Aside from XRP’s short-term upside potential, positive signals regarding its medium and long-term outlook are also noteworthy. Both network participation and technical structures indicate that price movements are grounded on solid foundations.
