XRP Surges in DeFi, Network Activity Booms

Generado por agente de IACoin World
domingo, 2 de febrero de 2025, 5:10 am ET1 min de lectura

XRP, the native cryptocurrency of the Ripple network, has started 2025 on a strong note, gaining significant traction in the decentralized finance (DeFi) landscape. Its Total Value Locked (TVL) has surged past $80 million, reflecting increasing investor confidence and adoption in the DeFi sector.

According to data from DeFiLlama, XRP's TVL surged past $80 million in January 2025, a remarkable increase from its levels below $20 million just a few months ago. This significant growth signals rising confidence in the XRP Ledger's DeFi applications and liquidity expansion. A closer look at the TVL chart indicates that it experienced its first major spike in November 2024, crossing the $60 million mark. While the metric showed intermittent fluctuations in December, XRP began 2025 with a renewed uptrend, now stabilizing above $80 million. This trajectory underscores XRP's expanding footprint in DeFi and the broader blockchain ecosystem.

Beyond the TVL surge, XRP's network activity has also displayed remarkable strength. Data from Santiment reveals a notable spike in network growth, reflecting an increasing number of new wallet addresses interacting with the blockchain. This is a strong indicator of growing adoption, suggesting that more users are engaging with XRP's ecosystem. Similarly, CryptoQuant's data on active addresses confirms this trend, with active addresses consistently rising and peaking at over 110,000 in late January 2025 before slightly retracing. This surge in network participation suggests heightened trading activity and growing on-chain utility, factors that typically support price appreciation.

Ripple's price has mirrored its network expansion, maintaining an overall bullish structure despite minor corrections. At press time, XRP was trading at $2.97, reflecting a 1.94% intraday decline. However, its long-term trend looked intact, with XRP significantly up from its 2024 lows. The 50-day moving average sits at $2.61, well above the 200-day moving average at $1.26, signaling a bullish crossover and sustained upward momentum. XRP reached a high of $3.07 before experiencing mild resistance, indicating potential consolidation before another upward leg. Strong support lies around $2.50, a level where

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