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Will XRP active addresses have been reaching the highest level since April 2023-Will the price follow?

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XRP is negotiated above the levels of crucial support and shows signs of strength, because the wider cryptography market is struggling with persistent sales pressure and macroeconomic winds. While many digital assets have undergone strong corrections in recent weeks, XRP has remained one of the most resilient artists, holding above key technical areas and attracting growing interests of investors.

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With the feeling of the market in slowly recovery, many traders consider XRP as a potential leader in the next wave of gains. Analysts believe that once the market stabilizes, XRP could be among the first altcoins to get back to previous heights. This optimism is supported by new data on the chain.

According to Glassnode metrics, the XRP network has recorded nearly 627,000 active addresses. This increase in the use of the network suggests growing interest and adoption, a bullish sign which often precedes the acceleration of prices. A high address activity generally indicates that more users interact with the network, whether through transactions, accumulation or trading.

If wider market conditions are improving, this increase in activity could feed more upwards for XRP. In the current state of things, XRP is positioned well above its key support range and seems Prepared for an escape Once the bullish momentum returns to the market.

The activity of the XRP network increases the bulls Defending the key levels

Macroeconomic uncertainty and growing volatility continue to shake both the cryptography and actions markets, fueling generalized fear and the trigger for the sale of panic between the asset classes. The concerns of the United States trade war, inflationary pressure and erratic policy movements have maintained investors on board, leading to deep corrections in most cryptocurrencies. However, in the middle of this uncertainty, XRP stands out with surprising resilience.

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Compared to the main altcoins such as Solana and Ethereum, both of which have undergone notable losses, XRP remains at a strong technical level. The Bulls have managed to defend key demand areas, and the emphasis is placed on recovery of critical supply zones to validate a new upward trend. The capacity of the assets to maintain support despite the weakness at the market level has drawn the attention of analysts and investors.

Higher analyst Ali Martinez Shared data on the Glassnode chainrevealing that XRP network activity is increasing. With nearly 627,000 active addresses – the highest since April 2023 – XRP shows renewed adoption and use signs. Historically, peaks in active addresses are correlated with the bullish momentum, because growing participation generally reflects the confidence of investors and transactional demand.

XRP Number of active addresses | Source: Ali Martinez on X
XRP Number of active addresses | Source: Ali Martinez on x

If XRP maintains its support base and continues to show its strength in the fundamental principles of the network, it could be one of the first altcoins to break out once the feeling of the market is recovered. The increase in active addresses can be an early indicator that a larger movement is on the horizon.

The price is strong after a small rally – eyes fixed on a break of $ 3

XRP is negotiated at $ 2.41 after a few volatile days of net jumps between support and resistance. The token increased by more than 33% compared to its recent lower at $ 1.89, showing a strong bullish dynamic despite the uncertainty on a market scale. This rebound has placed XRP among the most efficient assets in cryptographic space, attracting renewed attention to traders and analysts.

Holding price above $ 2.40 | Source: Xrpusdt table on tradingView
Holding price above $ 2.40 | Source: Xrpusdt table on tradingView

The level of $ 2.30 is now a key short -term support area. If XRP holds above this level, the bulls are likely to push towards the psychological bar of $ 3, which is also aligned with a zone of historical resistance. A net break greater than $ 3 could open the door to a gathering to the peaks of the range and summits of all potentially new time, depending on the wider feeling of the market.

However, if XRP does not maintain support at $ 2.30, a decline in lower demand zones around $ 2.00 or even $ 1.89 levels is possible. This would probably slow down the pace of any recovery and increase the short -term sales pressure.

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For the moment, the price structure of XRP remains optimistic, but the maintenance of the momentum will depend on maintenance above key levels as the wider market stabilizes. All eyes are on the following movement.

Dall-e star image, tradingview graphic

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