The on-chain data for XRP is showing signs of recovery, with the price action supporting this strength. After a significant correction, the price of XRP/USDT found support around $2.20 and is now forming a short-term consolidation pattern. A previous rally was triggered by a broken wedge pattern, and the current price structure suggests that this trend may continue. On-chain data shows increased transaction activity, possibly due to institutional settlements or whale movements. Traders should keep an eye on important resistance and support levels, as failure to hold support could lead to a decline. Setting buy orders around $2.20-$2.30 with a target around $3.00-$3.20 could provide traders with high risk-to-reward ratios. The recent surge in payment volume and solid technical underpinnings indicate a possible recovery phase, and traders should watch for breakout confirmations.



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