- XRP daily transactions have surged to over 295000 while whale wallets holding 1 million or more tokens have reached record highs
- Currently trading at $231 and approaching key resistance at $235 with potential to revisit its all time high of $340
XRP is drawing renewed attention as network activity and whale participation soar, driving the token closer to a critical resistance level. With trading volume up over 182% and price sitting at $2.31, XRP’s investors are watching closely to see if the asset can break past $2.35—and potentially revisit its all-time high of $3.40.
Rising XRP Transactions Signal Network Growth
Over 295,000 XRP transactions are now recorded daily, a massive leap from the 35,000–40,000 average seen over recent months. This growth, confirmed by analytics platform Santiment, reflects a sharp increase in user activity, suggesting heightened interest in Ripple’s blockchain. As on-chain activity rises, so too does confidence in the token’s near-term performance.
Whale Wallets Hit Record Highs
The number of XRP wallets holding over 1 million tokens has hit an all-time peak of more than 2,700. This surge in large holders—often referred to as whales and sharks—signals growing institutional and high-net-worth confidence in XRP. Their presence could help stabilize price action while laying the groundwork for sustained upward movement.
Technical Indicators Point to a Breakout Attempt
Currently trading at $2.31, XRP is up 6.43% in the past 24 hours. Market capitalization now sits at $135.65 billion, giving XRP close to 4% dominance across the crypto sector. The token is supported by the 200-day exponential moving average (EMA) near $2.00, with the 50-day EMA showing a slight bullish divergence above $2.25. These factors suggest growing buying pressure.
The Relative Strength Index (RSI) has exited oversold territory, reinforcing a bullish trend. However, analysts caution that XRP is still consolidating. Breaking the key $2.35 resistance level could open the path to $2.57, $3.00, and potentially the all-time high of $3.40.
Cautious Optimism as Market Watches
While the outlook appears favorable, traders are urged to remain cautious. A failed breakout could push XRP back to $2.14 or lower, possibly testing support at $2.00 or even $1.94. Whether XRP ascends to new highs or corrects downward depends on how it responds to these resistance levels in the coming days.
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