The XRP Ledger network is exhibiting robust growth with approximately 7,500 new wallets being added daily, underscoring accelerating user adoption. This expansion peaked recently with over 11,000 wallets created in a single day, coinciding with a notable 14.6% price surge for XRP.
Despite market volatility causing a brief dip below $3 on the Upbit exchange, XRP demonstrated resilience by rebounding to $3.26 on Bitstamp. Emerging support near the $3.20 level has bolstered its recovery, reinforcing underlying market confidence.
Technical indicators suggest potential for XRP to challenge its recent high of $3.64 should the $3.20 support hold firm. This upward momentum aligns with bullish sentiment across the broader cryptocurrency market, where assets like Ethereum and Bitcoin continue to register gains.
The sustained network expansion alongside price stabilization highlights XRP’s strengthening fundamentals amid fluctuating market conditions, affirming its evolving role in the digital asset ecosystem.