XRP Pulls Back Following Explosive 46.8% Weekly Rally

XRP's price has taken a dip, falling by 2% on the day to trade at $1.47, following an impressive 46.8% surge over the past week.

Despite this pullback, XRP remains well above its levels from earlier in the month, indicating that the asset is still gaining momentum.

The strong on-chain signals supporting XRP's price action are evident in the significant increase in receiving addresses, which spiked by 698%, according to data shared.

Additionally, Bitwise's XRP ETF has seen three straight days of record trading volume, with over $80 million traded today alone, further underscoring the asset's growing appeal.