XRP Network Activity Surges as Price Holds Above Crucial $1 Support

XRP's price remains above the crucial $1 support level despite a mild cryptocurrency market pullback.

Network activity reached a two-month high, supporting cautious optimism that the token may hold its recovery outlook and encourage another short-term rebound attempt.

The surge in network activity is reflected in the rise of XRP's open interest to $2.74B, indicating traders held larger positions in the XRP derivatives markets.

XRP's price has been trading below the $1.02 resistance level on the four-hour timeframe, but with upward momentum indicated by the Relative Strength Index at 41.57 and a histogram that has turned slightly positive.