XRP Network Activity Surges by 654% Amid $1.5 Resistance

XRP network activity has surged by 654.71% in recent times, with active addresses increasing from 47,180 to 356,070.

This significant jump in network participation has caught the attention of traders and analysts, who are now watching the XRP price closely as it approaches the $1.5 resistance level.

EGRAG Crypto, a crypto analyst, notes that the MACD bearish momentum is fading as the histogram bars begin to shrink, which could be a sign that the market is changing rather than one that confirms a new trend.

Coinbase whales are also reportedly adding selling pressure, with some analysts claiming that a sell wall as high as $32 has formed this month, linked to Coinbase whales.