XRP News Today: XRP Surges 3.4% Weekly as Daily Active Addresses Triple

Ripple’s XRP has seen a significant surge in user activity, with the number of daily active addresses on the XRP network more than tripling from 35.2K to 109.54K. This increase marks a notable rise in user engagement and activity, with the number of daily active XRP addresses crossing the 100,000 mark for the first time since the end of March.

This surge in activity has coincided with a bullish trend for XRP, which has been green on the weekly chart. At the time of writing, XRP had surged 3.4% in the past week to hit $2.31 after breaching a descending trendline. Market analyst Tektonic pointed out that XRP has broken above its descending trendline resistance after multiple rejections, signaling a shift in momentum. The breakout aligns with a bounce off a key Fib-based daily support zone, which held firmly during the pullback.

Tektonic further added that a robust consolidation above $2.30 could thrust XRP between $2.5 and $2.65 if sustainable volume is witnessed. Renowned crypto analyst Dark Defender also opined that XRP needs to breach key resistance at $2.40 because this move will catapult it to $5.85 if the relative strength index (RSI) flips bullish.

The buzz around an XRP exchange-traded fund (ETF) continues to grow, with an 87% chance being recorded on Polymarket. A spot XRP ETF could trigger billions in assets, real-world credibility, and professional management, enabling heightened institutional investments. This development, coupled with the surge in user activity, has fueled bullish breakout predictions for XRP, with analysts and market participants closely monitoring the cryptocurrency's performance.