XRP Reclaims $2.10 Amid Surge in On-Chain Velocity and Activity

XRP Reclaims $2.10 Amid Market Recovery

  • XRP has regained the $2.10 level, reflecting renewed market confidence after recent volatility.
  • Analysts suggest potential for sustained recovery as momentum returns and buyers re-engage.
  • Traders are monitoring whether XRP can challenge higher resistances in upcoming sessions.

XRP Ledger Velocity Hits 2025 Peak

  • CryptoOnchain reports a spike in XRP Ledger Velocity to 0.0324, the highest of 2025, signaling increased network activity.
  • Velocity measures how frequently XRP circulates, indicating economic activity and liquidity.
  • The rise suggests heightened engagement from traders, active holders, and possibly whales.

XRP Ledger Velocity | Source: CryptoQuant

Market Dynamics and Resistance Levels

  • XRP is attempting to rebound to the $2.15–$2.20 range, but faces a persistent downtrend.
  • The price remains below key moving averages, with immediate resistance at the 50-day SMA near $2.35.
  • Support is stable around $2.00–$2.05; a breakdown could lead to deeper losses towards $1.80.
  • Volume is muted, indicating the rebound lacks strong conviction.

XRP testing key resistance | Source: XRPUSDT chart on TradingView

The data suggests XRP is entering a phase of high activity, with potential implications for future market movements.