XRP Network Activity Surges 654% Amid Resistance at $1.5

XRP network activity has seen a significant surge of 654.71%, with active addresses rising from 47,180 to 356,070.

This increase in participation is being closely watched by traders and analysts as it may indicate stronger network participation and potential price volatility.

The XRP price is currently facing resistance around $1.5, and the sharp rise in addresses has added another layer of complexity to the market debate.

EGRAG Crypto notes that the MACD bearish momentum is fading as histogram bars begin to shrink, which may indicate a shift in momentum.

Coinbase whales are also reportedly adding selling pressure around XRP, with a sell wall as high as $32 forming this month linked to large orders on Coinbase.