XRP is showcasing significant upward momentum, with its price surge supported by a substantial increase in on-chain payment activity and positive technical signals. The cryptocurrency has climbed from below $2.40 to surpass $3.60 in recent trading, overcoming key resistance barriers at $2.39, $2.68, and $2.80 during its ascent.
On-chain data reveals a notable surge in network utility, with daily payment volume exceeding $1.07 billion. This heightened transaction activity suggests growing market engagement and reinforces the relevance of the XRP Ledger ecosystem.
Technical analysis indicates strong bullish momentum, evidenced by upward trends across all three major moving averages (50-day, 100-day, and 200-day). Trading perspectives remain cautiously optimistic, though the Relative Strength Index approaching 84 could signal near-term consolidation.
Key resistance and support levels are currently in focus, with the recent peak near $3.64 and the psychological $4.00 mark acting as targets, while $2.80 and $2.39 serve as critical downside thresholds. The network activity expansion potentially signals broader adoption of XRP’s underlying technology.