XRP Bulls Return as Token Breaks $1.31 Resistance

Ripple's XRP token continues to show signs of bullish momentum, trading near $1.45 after breaking out from $1.31 to highs at $1.48 the previous day.

The remittance token's on-chain activity has moderated since its surge in August, when it reached 930,000 active addresses and a price peak of $1.70. The current spot price remains relatively elevated, suggesting that a rise in on-chain activity could boost the token's short- to medium-term outlook.

The Crypto Fear & Greed Index has increased from 65 to 74, indicating growing appetite for risk assets. XRP spot Exchange-Traded Funds (ETFs) have notched nearly $19 million in inflows through Thursday, with cumulative inflows averaging $110 million last week, the highest level since early December.