The XRP network has just recorded over 2 million transactions, a record that reflects a rebound in on-chain activity after a period of slowdown.
After a period of slowdown, XRP is making headlines again, this time with a surge in its on-chain activity. The network has surpassed the 2 million transactions mark, a threshold that, in the past, has often heralded a renewed interest from investors.
Chart Analysis: Can XRP Finally Break Out of Its Bearish Channel?
Currently, the technical setup shows that XRP is still moving within a bearish channel, a structure that limits short-term upside prospects. Several elements are needed to reverse this trend:
However, the evolution of XRP does not solely depend on technical analysis. External factors, such as the desire of the BRICS to reduce dependence on the dollar, could influence the token’s trajectory and boost its adoption on the global financial scene.
A Trajectory to Watch Closely
The surge in on-chain activity of XRP coincides with a key moment for the crypto market. If the trend is confirmed, several scenarios are possible:
In a changing financial landscape, XRP still needs to prove its ability to integrate into a sustainable dynamic. The interest of investors and institutions will be decisive in the weeks to come, as the BRICS and other actors explore alternatives to traditional financial networks.
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