Apr 23, 2025
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XRP Network Activity Rises 67% as Price Approaches Key Resistance
XRP Market Update
XRP shows resilience amid shaky market conditions, currently facing critical resistance between $2.10 and $2.20. Key points include:
- XRP network activity increased by 67.5%, with active addresses rising from 27,352 to 40,366.
- This surge indicates growing on-chain interest, potentially leading to sustained momentum.
- A breakout above $2.25 could signal renewed buying interest and initiate a recovery rally.
- Conversely, a drop below $1.95 may lead to further declines and reset market sentiment.
Analysts are divided; while some expect a bullish move, others suggest the need for a dip to establish stronger demand. Current trading at $2.10 requires bulls to defend key support levels to maintain bullish structure.
