XRP Price Extends Correction, Testing Support Amid Growing On-Chain Activity

Ripple's XRP token has been correcting its price over the past two days, testing support at $1.40 amid a growing on-chain activity.

The remittance token fell from highs of $1.70 to around $1.44, but still maintains a bullish technical structure and raises the odds of another breakout attempt toward the pivotal $2.00 target.

On-chain activity is painting a bullish picture for XRP, with the number of active addresses rising to 297,000 as of Wednesday, from roughly 119,000 the day before.