XRP, the digital token that powers Ripple‘s payment network, has posted notable growth in recent weeks. The cryptocurrency gained 33.58% over the past 30 days, with analysts linking this rise to heightened activity on the XRP Ledger.
Active wallet addresses surge
Recent data from crypto analytics platform Santiment shows a significant increase in daily active XRP addresses. This number expanded from 47,180 to 356,070 within just a couple of days, marking a quarterly high for the network.
Ali Martinez, a well-known crypto analyst, observed that such marked on-chain activity often precedes substantial price movements in digital assets like XRP. According to his analysis, a quick jump in active addresses typically signals increased volatility as market participants prepare for possible sharp swings in price.
Conspicuous on-chain activity, such as the current surge in active XRP addresses, tends to indicate that significant price changes may be on the horizon as traders adjust their positions ahead of major market moves.
Gemini expands XRP access for Singapore users
In a move that could further boost XRP usage, Gemini co-founder Tyler Winklevoss announced that the US-based cryptocurrency exchange has enabled customers in Singapore to directly deposit and withdraw the token on the native XRP Ledger. This update streamlines transactions, allowing easy transfers between client wallets and account balances on the exchange.
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AAPLGemini is a major digital asset trading platform based in New York, co-founded by Cameron and Tyler Winklevoss. The exchange is recognized for providing regulated and secure cryptocurrency services to clients worldwide.
Mini dictionary: XRP Ledger, an open-source blockchain developed by Ripple, is designed to facilitate fast and low-cost international payments using the XRP token.
Technical outlook and key price levels
Market analysts are closely monitoring several technical signals that suggest volatility ahead for XRP. The Bollinger BandWidth, a tool used to gauge price volatility, has widened notably in recent days. This pattern mirrors a setup seen during XRP’s rally in early 2025, when the token climbed to $2.69 before reaching $3.29 in the follow-up wave.
Currently, XRP trades above the positive SuperTrend indicator, pointing to sustained bullish momentum. Analysts note that maintaining support at $1.55 is vital for continued upward movement, resembling previous rallies. On the other hand, a dip below $1.24 could signal a shift in sentiment, increasing the likelihood of a pullback toward $1.14 as short positions gain traction.
| Key Level | Implication |
|---|---|
| $1.55 | Resistance, sustains bullish setup if held above |
| $1.24 | Support, break below may favor further declines |
| $1.14 | Potential target if bearish momentum confirms |
Analysts highlight that rising trading volumes are reducing the likelihood of a bull trap. A bull trap in cryptocurrencies occurs when a price surge quickly reverses, bringing prices back to pre-breakout levels. For XRP, maintaining levels above $1.55 would help avoid such a scenario, as growing demand typically supports price stability.
If XRP maintains its position above the crucial $1.55 level, increasing trading activity suggests a strong foundation that reduces the risk of a rapid reversal.
