XRP News Today: Root Network Token Surges 105.6% in 24 Hours Driven by Staking Feature Launch

The Root Network (ROOT) token experienced a significant surge, gaining over 100% within a 24-hour period in early June 2025. This remarkable price appreciation positioned ROOT as one of the top-performing cryptocurrencies during this time. As of the latest market data, ROOT is ranked at position 1244 by market capitalization and is trading at $0.007751, reflecting a 105.6% increase in just one day.

The rapid price increase was accompanied by a substantial rise in trading volume, which grew by 139% within 24 hours, reaching approximately $14 million in daily volume. This surge in market activity indicates growing investor confidence, largely driven by the recent launch of a staking feature. This new feature allows users to earn Vortex tokens, which can be redeemed for either ROOT or XRP, thereby enhancing the ecosystem's appeal and participation.

The staking model introduced by The Root Network offers users exposure not only to the base token but also to the broader utility of the platform. By staking, users receive Vortex tokens, which can be traded like any other cryptocurrency or redeemed for a share of the network’s value, including both ROOT and XRP. This dual-reward mechanism has resonated well with the community, fostering positive sentiment and attracting new participants.

According to on-chain data, daily active addresses on The Root Network reached a record high of 801 on Tuesday, surpassing the previous peak of 400 seen in February. The number of ROOT holders also increased substantially, reaching nearly 10,000, up from 8,830 in January. These metrics suggest that the combination of staking incentives and Fear of Missing Out (FOMO) is drawing new users into the network. Additionally, whale activity has intensified, with the total supply of ROOT held by large investors increasing to 11.9 billion tokens, up from 10 billion just a week earlier. This accumulation by major players further solidifies the perception that the token’s fundamentals are improving.

The Root Network is a Layer 1 blockchain designed specifically for the open metaverse. It is backed by Futureverse and features integrations with major networks such as XRP Ledger (XRPL) and Ethereum (ETH). With partnerships involving prominent names like Warner Bros, Reebok, and Tencent, the project has established a distinct position in the blockchain gaming and metaverse sector.

From a technical standpoint, ROOT’s recent surge followed a textbook falling wedge breakout pattern. After bottoming at $0.0034 on Sunday, the token rapidly reversed course and reached as high as $0.0096. However, the Relative Strength Index (RSI) currently sits at an extremely overbought level of 74.84, suggesting that a short-term pullback may be imminent as traders lock in profits. Looking at the Fibonacci retracement levels, support is at the 0.5 Fibonacci level at $0.00679, which, if broken, could result in a further pullback likely towards the 0.618 Fibonacci level at $0.00610. Despite this, the broader picture remains bullish, with ROOT gaining traction on major crypto aggregators, reflecting sustained interest and visibility. The platform’s seamless user experience, backed by a robust ecosystem, continues to draw both retail and institutional attention. While caution is always advised in fast-moving markets, especially with high-volatility assets, the Root Network’s recent momentum suggests it may be poised for further growth, provided that adoption and utility continue to expand.