According to Crypto Economy, XRP, Ripple's native token, has experienced a 6.19% increase in the last 24 hours, reaching a price of $2.41. This surge is attributed to rising network activity, with 26,144 daily active addresses recorded on January 2, 2025. The increase in activity suggests growing adoption and utility of XRP. Technically, XRP has surpassed the $2.30 resistance level and formed a bullish flag pattern, indicating a potential target of $3, contingent on breaking the $2.59 level. The MVRV ratio is at 314.74%, reflecting investor confidence. Positive regulatory expectations in the U.S., including potential approval of an XRP-based ETF, have also contributed to market optimism. With a market cap of $138.1 billion, XRP has overtaken Tether, reinforcing its market relevance. The focus remains on maintaining momentum and achieving further price targets.
XRP Surges 6% Amid Increased Network Activity and Market Optimism
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