The XRP Ledger has experienced unprecedented network activity with daily interacting addresses averaging over 295,000 in the past week. This marks a dramatic surge from the typical 35,000 to 40,000 range, signaling heightened user engagement and transaction volume.
Simultaneously, whale accumulation has reached record levels with over 2,700 wallets now holding at least one million XRP. This milestone indicates growing confidence among large-scale investors despite ongoing market fluctuations and represents the highest concentration of major holders in XRP’s history.
Market activity shows significant volatility as XRP traded between $2.10 and $2.32, accompanied by a 248% spike in trading volume. Technical analysis reveals conflicting signals, with short-term moving averages suggesting bullish momentum while longer-term indicators maintain a bearish outlook.
Key price levels are being closely monitored, with $2.20 serving as crucial support and $2.32 acting as major resistance. A sustained break beyond either threshold could determine XRP’s next directional movement as traders assess these mixed technical signals against the backdrop of surging network metrics.