XRP has seen a notable increase in on-chain transactions in the last 30 days, raising concerns about how it will impact the price. After reaching highs of $3.20, XRP has faced selling pressure and is currently trading at around $2.15. The inability to hold above $2.75 suggests selling pressure at higher levels. The 50-day moving average at $2.52 is serving as immediate support, with the next support level at $2.30. If XRP falls below this level, it could lead to a significant correction towards $1.82. However, if XRP recovers to $2.75, it may see bullish momentum. The recent surge in on-chain activity indicates increased network activity, but it is uncertain whether it will result in a sustained rally or further declines. Investors should closely monitor the support level at $2.52.



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