XRP has demonstrated notable resilience with both fundamental and technical indicators signaling potential upward momentum. The blockchain recorded 2.59 million transactions on July 24, marking its highest daily volume in three months and underscoring growing real-world utility for the digital asset.
Technically, XRP maintains a bullish position above key Exponential Moving Averages including the 50-day, 100-day, and 200-day EMAs. The critical $2.99 resistance level has consolidated into solidified support, reinforcing the asset’s underlying strength.
Market observers highlight the significance of the divergence between XRP’s transactional demand and price action, suggesting this decoupling reflects robust functional adoption beyond speculative trading. This network activity pattern points to stronger long-term viability fundamentals.
Analysts advise investors to monitor ongoing transaction metrics alongside technical signals like the Relative Strength Index (RSI). Sustaining support above $2.99 remains paramount for confirming continuation of the current positive trajectory, aligning the interests of short-term traders and strategic holders alike.