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Within 18 hours, XRP had regained the level of $1.41, and it rose by more than 25 percent since the last time it was below $1.15.
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Whale activity was up sharply, with 1389 transactions over $100,000, which is the highest since four months ago.
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There was a rapid increase in network participation with active XRP addresses of 78,727 in an eight hour period, the highest level in six months.
XRP logged strong price volatility as wider crypto markets crashed, as on-chain activity registered increased within a tightened time frame. The token has gone up swiftly after it dropped beneath 1.15 indicating an increase in network activity and immense volumes of transactions in the process. XRP was trading at $1.41, at the time of reporting which is a 9.0% increase in a single day and a gain of 3.5 percent against Bitcoin at 0.00002069 BTC.
XRP Price Movement and Key Levels
Market data provided by Santiment showed that XRP recovered by over 25 percent since its recent relative bottom in the area. It is worth noting that the rebound was realized in a short period of less than 18 hours since price weakness increased. In the rebound phase, XRP had temporarily rebounded to the level of over $1.50 and then went back down.
At present, XRP is trading in a specific range of 24 hours, and the support is recognized at $1.29 and the resistance at $1.53 . Nonetheless, price is not lowest in recent years and it still is in an upward separating position to the previously located sub-1.15 price. The price architecture puts instant attention to the behavior of XRP as it moves within its set resistance area.
Whale Transactions and Ledger Activity Spike
Alongside price movement, Santiment data highlighted unusual activity across the XRP Ledger during the dip. In particular, there were 1,389 transactions that were above 100,000, which is the highest four-month figure. These trades concentrated throughout the fall in prices and went hand-in-hand with market insecurity.
Source: Santiment
Additionally, the number of active XRP addresses surged sharply within a short timeframe. The ledger recorded 78,727 unique active addresses during a single eight-hour period. This figure represents a six-month high and aligns closely with the rebound timing. Consequently, transaction data and address growth moved in tandem with price recovery.
XRP On-Chain Activity Shape Market Context
Market commentary from Egrag Crypto described the price action as challenging directional certainty for both bullish and bearish participants. In the meantime, Santiment placed the rebound into the framework of visible on-chain data as opposed to sentiment-driven stories.
Notably, the activity increment came as traders discussed that XRP had the potential to drop below the $1.00 mark. Nevertheless, ledger information demonstrated growing involvement at that time. Consequently, price action, transaction size, and address growth have been closely related during the rebound phase.
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