XRP Network Activity Spikes Precede Price Surge According to Santiment
Santiment highlights a correlation between utility spikes on the XRP network and subsequent price increases. Key points include:
- Transaction Volume reached $2.1 billion on August 1, marking a six-month high.
- Circulation spiked to 1.12 billion tokens, indicating organic transfer activity.
- Previous spikes in these metrics have led to price surges for XRP.
- XRP broke out of a triangular channel, which is viewed as a bullish signal in technical analysis.
- XRP's current price is approximately $3.29, reflecting a 7% increase over the last 24 hours.
