XRP Activity Soars 67.50%, Bullish Signals Point to 3.84X Pump
- XRP network activity dramatically jumped by 67.50%, signaling growing adoption for Ripple’s network.
- Coupled with numerous bullish signals appearing on XRP price charts, this suggests a potential price surge of over 3.84x.
- An analyst has also spotted further bullish signals on lower time frames, anticipating another significant upward move.
Ripple’s XRP is standing out as one of the most promising altcoins this bull cycle, with analysts eagerly anticipating substantial price surges that could lead to new all-time highs. Reinforcing this positive outlook, the XRP network is experiencing significant growth in popularity. For example, network activity recently soared by an impressive 67.50%, seeing active addresses climb from 27,352 to 40,366. These strong fundamentals, combined with clear bullish signals on price charts, point towards a potential bullish wave that could propel XRP up by over 3.84x.
XRP Network Activity Jumped by 67.50 %
Indeed, Ripple’s XRP is proving to be a standout performer among altcoins throughout this bull market. Many well-known and respected analysts share this view, suggesting XRP could potentially be one of the top performers during this cycle. Their price targets for XRP at the altseason peak vary widely, ranging from predictions of $5 to $27, and even reaching as high as $99. Naturally, only time will truly reveal just how high XRP can climb during the altseason phase of this bull run.
A key reason analysts foresee such significant potential for Ripple’s XRP is its unique situation: it largely sat out the last major bull run due to its lengthy legal dispute with the SEC. Now, seven years later, having secured a significant victory against the SEC, XRP has already seen two notable price surges, finally rewarding long-term holders with the gains they patiently waited for. However, even with these moves, XRP has yet to reclaim its previous all-time high price, fueling expectations that a larger pump is still on the horizon.
Beyond the price action, the backbone of XRP, the XRP Ledger itself, is demonstrating impressive capabilities and is attracting growing interest from users and developers globally. Ripple’s strategic announcements of numerous bullish partnerships further enhance this potential. A particularly strong recent indicator comes directly from the XRP network activity data: activity surged by 67.50%, with the count of active native network addresses increasing significantly from 27,352 to 40,366.
Looking at the numbers from CoinMarketCap, Ripple’s XRP is currently trading around $2.10. While it’s seen a remarkable gain of almost 300% over the past year, it’s also pulled back by nearly 13% in the last month. XRP currently holds a significant total market cap of $122,672,383,045.87 and recorded a robust 24-hour trading volume of $2,428,523,716.97. XRP’s all-time high price was actually set seven years ago, in January 2018, reaching $3.84. For XRP to not only surpass this previous peak but potentially climb into double digits for a new ATH, it will require significant momentum. The numerous bullish signals consistently appearing across its price charts strongly suggest that an explosive price surge could indeed be on the cards this altseason.
This brings us to the latest price prediction for Ripple’s XRP, highlighted by the analyst in the post featured above. This analyst posits that a significant pump for XRP is merely a matter of time, expressing confidence that XRP is poised for a move reaching 3.84x or potentially even more. Crucially, he notes that bullish signals are increasingly appearing on lower time frames, indicating that another major upward wave appears to be setting up.
