XRP Network Activity Surges 654.71%, Options Market Prices in 13.1% Move

XRP's network activity has seen a massive surge, with active addresses increasing by 654.71% to reach 356,070.

This spike in network participation often signals higher price volatility and is typically accompanied by increased trading activity.

The timing of this increase is significant, given XRP's recent price movement, which has seen a nearly 49% weekly rise, its best performance since November 2024.

XRP's surge began after the Treasury announced it would buy back $4 billion or more of its own long-duration bonds, leading to a clearing out of bearish bets and a subsequent price rise.

The crypto options market is pricing in potentially sharp moves across several major digital assets through August 30, with XRP carrying the widest expected range among Bitcoin, Ethereum, and Solana, indicating that options traders are pricing in a much larger-than-usual move of up to 13.1% for XRP.