The given content discusses the encouraging trends exhibited by XRP in both its on-chain and market performance. The price of XRP recently broke through a descending trendline resistance, indicating a bullish momentum. The price is currently up over 2% in the last day and may rally towards $3 or higher if bullish sentiment persists. On-chain metrics show intriguing patterns, with daily new account creation approaching levels last seen during XRP's peak bull market. The number of newly activated accounts is also increasing, suggesting renewed interest from institutional and retail investors. The average number of transactions per ledger is steadily rising, indicating a healthy level of usage for price stability and long-term viability. However, the psychological resistance at $3 is still a significant obstacle, and a decline to $2.34 or even $2.16 may occur if the resistance is not broken. Traders are advised to exercise caution due to slightly overbought RSI indicators. XRP is in a strong position with bullish price action and improving on-chain activity, but traders should closely monitor levels such as $3 (resistance) and $2.34 (support) to manage their expectations and strategies.



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