XRP Active Addresses Reach Highest Levels Since April 2023

The XRP network has seen increased activity, with nearly 627,000 active addresses, the highest since April 2023. This represents a surge of over 400% since February, historically signaling potential price movements due to heightened demand and transactional volume.

Key points include:

• The SEC dropped its lawsuit against Ripple Labs, potentially encouraging investor bullishness.
• Whales holding between 1 million to 10 million XRP increased their holdings by 10% over two months, accumulating a total of 5.81 billion XRP valued at approximately $14 billion.
• Long-term holders have not significantly sold despite recent price increases.
• Analyst EGRAG CRYPTO projects a potential rally for XRP to $130, with key price targets of $2.66, $2.97, and a crucial level of $3.40 to confirm a bullish trend.
• CasiTrades suggests that maintaining above $2.40 is critical for further upward movement toward $2.65–$2.70, while failure to hold could lead to a drop to $2.36.

XRP's Relative Strength Index (RSI) is at 50.54, indicating equilibrium between buyers and sellers, with possibilities of short-term corrections. A breakout above $2.74 could confirm an uptrend, while a fall below $2.40 may offer a buying opportunity if support holds at $1.99.