XRP Network Activity Hits All-Time High Despite Market Volatility – Bullish Signal?
XRP has fallen below critical support levels amid broader crypto market selling pressure due to macroeconomic uncertainty. Bulls are struggling to defend key zones, with focus shifting to reclaiming pivotal levels to reverse the bearish trend. On-chain data indicates a new all-time high of 6.26 million addresses holding at least 1 XRP, suggesting growing adoption despite price declines. This increase in small wallet growth indicates retail investor interest in XRP at current prices. XRP is testing support just below $1.80, viewed as crucial by analysts; failure to hold this level could lead to further declines. While some analysts remain optimistic about a potential rebound if market conditions improve, others caution that a return to bullish momentum may take longer than expected. The growing network participation could signal long-term strength for XRP, contingent on broader market stabilization.
