XRP Price Eyes Breakout as On-Chain Activity Surges

XRP is once again showing signs of renewed market potential following a sharp rise in on-chain activity. Over 838 million XRP tokens were moved between wallets in just one day, a volume spike historically linked to major price shifts. This sudden increase in network usage has sparked speculation about a possible market recovery for the digital asset.

Despite the encouraging transaction volume, XRP is currently struggling to maintain upward momentum. The cryptocurrency recently tested the 100-day exponential moving average but encountered strong resistance. Still, XRP has managed to stay above a key support level at $2.15, suggesting that bullish interest remains intact.

The rise in transaction activity points to growing engagement within the XRP ecosystem, signaling heightened investor attention. However, for XRP to confirm a bullish breakout, it must surpass the $2.22 resistance zone. Successfully breaking this barrier could open the path toward the $2.40 and $2.60 price levels, fueling a stronger rally.

Market watchers are closely monitoring XRP's next move, as continued momentum could trigger significant price volatility. As trading volumes surge and technical levels tighten, XRP could be positioning itself for a major move if bullish pressure persists.

At present, XRP remains at a critical juncture, with its price direction likely to hinge on whether it can overcome near-term resistance and sustain higher network activity levels.