XRP Crypto Skyrockets With $2,000,000 In Transactions In Just 24 Hours!

After a period of slowdown, XRP is making headlines again with a surge in its on-chain activity. The network has surpassed the 2 million transactions mark, a threshold that, in the past, has often heralded a renewed interest from investors.

XRP Surpasses a Symbolic Milestone: A Rising Adoption?

The XRP network has just recorded over 2 million transactions, a record that reflects a rebound in on-chain activity after a period of slowdown. This surge is accompanied by several major trends:

• An increase in trading volumes, a sign of a gradual return of liquidity to the market;
• A stabilization of the price around $2.30, after having hit a low near $2.10;
• Technical support at $2.10, which seems to act as a barrier against new corrections;
• A rise in investor interest, which could indicate a renewed confidence in the asset.

However, this recovery still needs to be confirmed by an increase in buying volume, an essential condition to maintain the upward trend and avoid a return to lower levels.

A Bullish Signal or Just a Simple Rebound?

The current technical setup shows that XRP is still moving within a bearish channel, a structure that limits short-term upside prospects. To reverse this trend, several elements need to come together:

• Breaking above the 50-EMA moving average located around $2.50, which currently acts as a dynamic resistance;
• A close above the key level of $2.55, which would pave the way for a more sustained recovery;
• Increasing trading volume, which ensures sufficient support at higher price levels;
• Enhanced institutional interest, especially in a context where the BRICS are exploring alternative solutions to traditional banking infrastructures.

However, the evolution of XRP does not solely depend on technical analysis. External factors, such as the desire of the BRICS to reduce dependence on the dollar, could influence the token’s trajectory and boost its adoption on the global financial scene.

A Trajectory to Watch Closely

The surge in on-chain activity of XRP coincides with a key moment for the crypto market. If the trend is confirmed, several scenarios are possible:

• A return towards $3 in case of a breakthrough of technical resistances and consolidation of demand;
• A pullback to $2 in case of a rejection below current levels, confirming a phase of uncertainty;
• A strengthening of institutional adoption, especially if XRP manages to appeal to the BRICS and other players looking for effective cross-border payment solutions;
• A resurgence of speculative interest, which could fuel increased volatility in the short term.

In a changing financial landscape, XRP still needs to prove its ability to integrate into a sustainable dynamic. The interest of investors and institutions will be decisive in the weeks to come, as the BRICS and other actors explore alternatives to traditional financial networks.