XRP market performance shows renewed strength: active accounts jumped nearly 30% to over 26,000 unique senders, signaling higher transaction demand and potential upside momentum toward $3.40–$3.50 if on‑chain activity and buying volume persist.
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Active accounts surged ~30% to 26,000+ — a key on‑chain indicator for XRP price momentum.
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Price consolidates near $3.00 above 50- and 100-day moving averages, suggesting improving technical structure.
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Potential targets: $3.40–$3.50 upside; downside support near $2.78 if momentum fades.
XRP market performance: active accounts rose 30%, boosting on‑chain demand and pointing to a possible breakout — read the analysis and next steps.
What is XRP’s market performance?
XRP market performance shows signs of renewed demand as active accounts climbed roughly 30% to more than 26,000 unique senders. The token is consolidating around $3.00, trading above its 50- and 100-day moving averages, with buying volume gradually increasing.
How has active account growth affected XRP price?
Active account growth often signals higher network usage and can precede price moves when paired with rising volume. Over the past few days, XRP’s unique senders rose by almost 30%, a metric traders watch closely.
That increase may reflect increased payments, testing, or transfers. TradingView chart analysis shows consolidation against a descending trendline, while technical support around $2.78 remains critical.
- On‑chain metric: Active accounts up ~30% to 26,000+.
- Technical context: Consolidation near $3.00, above 50/100 DMA.
- Risk note: Network usage can reflect speculative or exchange flows and not guaranteed long‑term demand.
XRP/USDT Chart by TradingView
Why does active wallet growth matter for XRP?
Active wallets indicate participation. For a payments-focused network like XRP, increased wallet activity shows the protocol is being used more frequently for transfers and testing. Higher participation can support price if it reflects genuine demand rather than short-term speculative flows.
Frequently Asked Questions
What drove the 30% increase in active accounts?
Short-term catalysts can include renewed retail interest, testing of payment rails, or higher transfer volume. Public trading activity and targeted network tests were reported around the same timeframe, correlating with the spike.
Will the active account surge guarantee a sustained rally?
No. While meaningful, on‑chain growth must coincide with sustained buying volume and positive market sentiment. Traders should monitor order flow and support/resistance levels for confirmation.
Key Takeaways
- Active accounts surged ~30%: This is a primary on‑chain signal of renewed network use.
- Technical setup improving: XRP consolidates near $3.00 above 50/100 DMA; watch $3.10 resistance.
- Manage risk: Upside target $3.40–$3.50 if momentum sustains; watch $2.78 support if it fails.
Conclusion
COINOTAG analysis shows XRP market performance benefiting from a near‑30% rise in active accounts, improving the case for a potential breakout if buying volume continues. Traders should combine on‑chain metrics with technical confirmations and monitor support at $2.78. Follow updates for further on‑chain and price developments.
