XPR Network Token Surges 34.51% Breaking $0.004 Mark

XPR Network, formerly known as Proton, has experienced a significant surge in its token price, rising by 34.51% and breaking past the $0.004 mark on the 11th of July. This rally marks the end of a consolidation phase that had persisted since March, following a substantial rally in January. The token had been trading below the $0.00278 resistance from September 2022 to the beginning of 2025, with multiple tests of the $0.00082 level since 2023, indicating an accumulation phase.

The January rally confirmed a breakout, reinforced by repeated retests of the $0.00278 former resistance as support. The recent breakout past the descending trendline resistance, however, was accompanied by lower weekly volume compared to previous highs in November 2024 and January 2025. This discrepancy could raise concerns among long-term investors about the sustainability of the current move.

On the daily chart, the trading volume surged on the 11th of July but remained below the January highs. Additionally, a bearish order block at the $0.005 region led to a rejection of XPR bulls in the past 24 hours. Despite the bullish structure on the daily chart and the breakout past the descending trendline, there is a possibility of a deeper pullback. The $0.0004 level, which had been a resistance level since April, could be retested, presenting a potential buying opportunity for investors.

Supportive on-chain metrics further bolster the breakout opportunity. Daily active addresses and network growth, measured by the number of unique wallet addresses, have increased sharply, indicating rising demand and adoption. This trend is particularly appealing to long-term investors. Concurrently, the 90-day token circulation has continued to decline, even as XPR rallied past $0.004. This suggests that long-held tokens remain untouched, reinforcing a strong HODL mindset among holders. Overall, these metrics highlight a bullish outlook for both the XPR Network and its token.