The recent increase in XRP transactions suggests that the network activity of XRP is on the rise again, potentially indicating greater investor adoption. However, it is still unclear if this trend can continue, as previous surges have been followed by sharp drops in volume. XRP is currently trading between an ascending support trendline and the 50 EMA, and a break above the 50 EMA could result in a bullish breakout. The key resistance level to watch is $2.80, while solid support is at $2.60. If XRP maintains its momentum and breaks through its moving averages, there could be a retest of higher resistance zones. However, it is important to confirm whether XRP is truly emerging from its dormancy or if this surge is temporary.



Other News from Today