With the number of daily active XRP addresses crossing the 100,000 mark, a scenario not seen since the end of March, the fourth-largest cryptocurrency based on market capitalization continues to enjoy heightened network usage. Thanks to a surge from 35.2K to 109.54K, the number of daily active addresses on the XRP network more than tripled, illustrating skyrocketing user engagement and activity. Furthermore, this shows growing XRP interest as the altcoin continues to be green in the weekly chart. At the time of writing, XRP had surged 3.4% in the past week to hit $2.31 after breaching a descending trendline. Market analyst Tektonic pointed out, “XRP has broken above its descending trendline resistance after multiple rejections, signaling a shift in momentum. The breakout aligns with a bounce off a key Fib-based daily support zone, which held firmly during the pullback.” The analyst added that a robust consolidation above $2.30 could thrust XRP between $2.5 and $2.65 if sustainable volume is witnessed. Source: Tektonic Renowned crypto analyst Dark Defender also opined that XRP needs to breach key resistance at $2.40 because this move will catapult it to $5.85 if the relative strength index (RSI) flips bullish. Meanwhile, an XRP exchange-traded fund (ETF) buzz continues to go through the roof with an 87% chance being recorded on Polymarket. A spot XRP ETF could trigger billions in assets, real-world credibility, and professional management, enabling heightened institutional investments.
