3:05 p.m. ▪
4
Min read ▪ by
In a crypto market still marked by uncertainty, a subtle signal announces a trend reversal. XRP, long in decline, shows a sudden acceleration in its chain activity, with a jump of 50% of payments within 24 hours. While the crypto stabilizes on a key technical support, some analysts mention the beginnings of a bullish reversal. Far from the spotlight, Ripple seems to arouse market attention.
Brief
- XRP records a spectacular increase of 50% of its network activity in just 24 hours, with more than 1.34 million payments treated.
- Several technical signals confirm a favorable configuration: the compression between the mobile averages, the rebound on the 200 EMAs and a neutral RSI.
- Resistance from $ 2.32 to $ 2.40 is a key area: in the event of a rupture, targets from $ 2.60 to $ 3.00 could be achieved.
- However, a decline at $ 2.00 remains possible if the activity wave is not followed by a sustained momentum.
A 50% point on the large XRP book: concrete signals on the blockchain
While Book XRP has just been adopted by Guggenheim, the network experienced a sudden increase in its activity on June 14, with more than 1.34 million payments treated in a single day. This represents an increase of 50% compared to the daily average of the previous month.
Indeed, this sudden increase could be linked to an increase in institutional volume or increased use of the network. It is not just a technical fluctuation. In the history of XRP, these movements often precede the inversion phases.
This intensification of activity on chain occurs as XRP evolves in a particularly sensitive technical configuration. Several elements of analysis of the graphics corroborate this renewal of interest:
- A price compression between the 50/100 and 200 (EMA) exponential moving, indicating volatility pressure conducive to an escape;
- A repeated rebound on the 200 mobile average, confirming the existence of robust technical support defended by buyers;
- The relative resistance index (RSI) around the neutral level, suggesting that the asset is neither onbouillé nor occurring;
- An absence of a significant lower reaction despite the pressure of the sale, strengthening the idea that the underlying demand remains sustained.
Together, these elements reinforce the idea that network activity is not an isolated epiphenomenon, but is part of a key technical moment for XRP.
Technical targets and risk of inversion: between a bullish escape and a false hope
If XRP manages to unravel the resistance area between $ 2.32 and $ 2.40, a bull price movement becomes possible. A retain of $ 2.60 and perhaps even $ 3.00 is not out of the question if XRP breaks this resistance, especially if the chain measurements continue to improve.
This perspective is based on a well -known configuration on the market: compression of volatility, increased network utility and lack of surouche signals.
However, this upward hypothesis remains conditional. If the peak of activity observed on June 14 turns out to be an isolated anomaly, not the reflection of the sustained momentum, the crypto of Ripple could undergo a new withdrawal of the psychological threshold of $ 2.00.
This level, already tested several times, remains a key support. In the absence of structural confirmation (increase in prolonged activity, strengthening volume, clear rupture of technical resistance), the most prudent traders will remain on the sidelines.
The explosion of activity on XRP thanks to the awakening of whales opens the door to a credible, but always uncertain bullish scenario. While the market seems to wait for a clear signal, the technical and chain elements converge on a central moment. It remains to be seen whether this momentum will be supported by increased adoption, or if it will join the long list of ephemeral overvoltages on the cryptography market.
Maximize your Consribune experience with our “Read to garn” program! For each article you read, earn points and access exclusive rewards. Register now and start gaining advantages.
Diploma of Sciences Po Toulouse and holder of a Blockchain certification consultant issued by Ayra, I joined the Cointribuna adventure in 2019. Convinced of the blockchain potential This ecosystem in Constantie Evolution. My goal is to allow everyone to understand the blockchain and to seize the opportunities it offers. I strive every day to provide an objective analysis of adreity, to decorate market trends, to relay the latest technological innovations and to put into perspective the economic and societal En Marche Enjenes.
Non-liability clause
The points of view, the thoughts and opinions expressed in this article belong only to the author and must not be considered as investment advice. Do your own research before making investment decisions.
