
Title: 1.6 Million XRP in 24 Hours: $2.5 Possible?
XRP securing substantial volume in 24 hours, which might open up a way higher for the price
In a remarkable turn of events, Ripple’s native token XRP has seen an unprecedented surge in activity over the past day. According to the latest on-chain metrics, the asset has handled more than 1.6 million transactions in the last 24 hours, marking a noticeable increase in activity compared to the sluggish volume that characterized most of June.
This sudden uptick in utilization may indicate a shift in sentiment, particularly as traders seek alternative catalysts beyond Bitcoin and Ethereum. XRP is gradually regaining ground against overhead resistance on its price chart. The asset has now consolidated close to $2.19 after climbing from the $2.10 zone, which has been crucial support since April.
The 200 EMA (black) has been surpassed by this move, bringing XRP closer to the 50 and 100 EMAs, forming a tight resistance band at $2.25.
Source: u.today