1,600,000 XRP in 24 Hours: Network Activity Screams Recovery
2025-07-05 10:03:52
Main Idea
XRP's network activity shows signs of recovery with 1.6 million XRP transactions in 24 hours, indicating potential for a price rally despite current market resistance.
Key Points
1. Over 1.6 million XRP transactions occurred in 24 hours, signaling potential recovery.
2. XRP is still facing resistance at the 50 EMA and 100 EMA levels, limiting price volatility.
3. Spot market volume remains low compared to previous breakouts in 2023 and early 2024.
4. If buying pressure continues, XRP could reach resistance levels at $2.40 and $2.55 in the coming weeks.
5. The market structure for XRP remains convoluted and fluctuating.
Description
XRP's network activity signaling rally continuation despite dull market performance
$XRP
$2.2181
-0.78%
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