XRP's Network Activity Surges 627,000% as Traders Predict 400% Gains

A prominent crypto trader, who accurately predicted the Bitcoin bottom in November 2022, has identified a top-10 altcoin exhibiting "insane strength" and is poised to outperform. The trader, known pseudonymously as DonAlt, highlighted XRP's exceptional performance relative to other crypto assets, particularly Solana, which is considered one of the leading altcoins of this cycle. This observation comes at a time when the XRP network has seen a significant surge in activity, with nearly 627,000 active addresses recorded, the highest level since April 2023. This increase in network activity suggests a potential rally in the coming weeks, as historically, such spikes often precede major price movements.

The trader's analysis is supported by recent developments in the XRP ecosystem. Large holders, particularly those with holdings between 1 million to 10 million XRP, have increased their holdings by 10% in the past two months, bringing their total holdings to 5.81 billion XRP. This accumulation phase indicates a bullish sentiment among major investors. Additionally, Ripple CEO Brad Garlinghouse has revealed bullish plans for 2025, which could further drive the price of XRP higher. Despite the recent price rise, XRP’s Dormant Circulation data suggests that long-term holders have refrained from significant selling, adding to the bullish outlook.

Crypto analysts have also weighed in on the potential of XRP. EGRAG CRYPTO has reaffirmed his bullish outlook, projecting a potential rally to $130. He noted that very few people truly understand the magnitude of XRP’s upcoming rally. EGRAG CRYPTO outlined short- and mid-term price targets for XRP, with a close above $2.66 being a crucial milestone, followed by another close above $2.97, which would confirm a bullish trend. The most important confirmation will come if XRP closes above $3.40, its current all-time high. If this level is breached, EGRAG CRYPTO expects XRP to target a price range of $5 to $8 in the mid-term.

CasiTrades, another crypto analyst, supports this bullish outlook, emphasizing that as long as XRP maintains its channel structure and does not break below $2.40, a push toward $2.65–$2.70 is likely. The next major resistance level to flip into support is at $2.70, which would pave the way for further gains. However, failure to break resistance at $2.45 could lead to a dip to the 0.618 retracement level at $2.36.

The Relative Strength Index (RSI) for XRP reads 50.54, indicating that the bulls and the bears are evenly matched. This suggests that a short-term correction may occur before the next leg up. XRP recently tested the upper band of its Bollinger Bands but failed to break above this resistance at $2.74. A breakout above the upper band, combined with strong trading volume, could confirm a sustained uptrend. However, if the price falls below the mid-band support at $2.40, it may present a buying opportunity, provided the support at the lower band ($1.99) holds.

DonAlt, who entered a long position on XRP at a price of around $0.60, has stated that he will offload his entire position on the fourth-largest crypto asset by market cap if XRP appreciates by roughly 4x from the current level. This indicates a high level of confidence in XRP's potential for significant gains. The trader's bullish stance on XRP is further supported by the recent surge in network activity and the accumulation of XRP by large holders, which suggests a strong underlying demand for the asset.