XRP's Active Addresses Skyrocket by 655% Amid Bullish Sentiment

XRP's recent surge in active addresses has caught market attention, rising by an impressive 655% to 356,070 from 47,180. This significant increase indicates a stronger network participation and validates its recent price recovery.

Top traders on Binance are showing bullish sentiment with a 2.89 Long/Short Ratio, favoring long positions during the rally. The NVT ratio has also dropped nearly 60%, signaling increased transaction activity relative to network value.

XRP broke key resistance at $1.4658 and is targeting $1.7057 and potentially $2. However, sustained demand is needed to maintain momentum. The asset's trading volume in South Korea has surged on Upbit, with $327.2 million in 24-hour volume, reflecting strong spot demand.