Surprising On-Chain Data Hints at XRP Price Surge, Recalling Past Trends

By Lola Coin Jun 27, 202364Views

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The activity of daily active addresses for XRP, the native token of the $XRP Ledger, may suggest an upcoming price pump. Historical data shows that significant spikes in address activity have preceded previous price increases. Although XRP has not capitalized on the recent market rally to exceed the $0.50 mark, there are indications that it is preparing for a substantial price surge. In January, XRP experienced a notable increase in daily active addresses, which was followed by a significant rise in its value. Similarly, in March, a surge in active addresses led to a 48% price increase over a few days. Currently, XRP’s daily active addresses have remained above 130,000, suggesting a potential price surge based on historical patterns. Crypto influencer Crypto Rover, known for his focus on Bitcoin, recently revealed his investment of $250,000 in XRP, expressing optimism about Ripple’s ongoing legal battle and the potential for a FOMO phenomenon.

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