XRP On Chain Activity- XRP Network Use Soars as Futures Stay Bullish
XRP On Chain Activity– XRP is drawing renewed attention as key metrics show significant activity on both the blockchain and futures markets. In the past 24 hours, the number of active XRP addresses surged by 442.7%, reaching 181,000. This jump suggests a genuine rise in network usage rather than pure speculation. Notably, the number of wallets holding over 1 million XRP also increased to around 2,850.
Such a sharp rise in on-chain metrics typically signals a strengthening ecosystem, especially when it coincides with institutional-level positioning.
XRP’s open interest in the derivatives market remains solid at $2.8 billion, reflecting continued trader exposure even as the token’s price dropped by 3.31% to $2.11. Despite the decline, daily trading volume rose by 2.06%, hitting $2.89 billion — an indicator that market interest is persisting, not fading.
“Traders aren’t exiting positions despite the price pullback,” highlighting ongoing commitment, even in volatile conditions.
Momentum Builds Beneath the Surface
Typically, user growth and speculative futures positioning don’t move in tandem. The current overlap implies real momentum may be forming behind XRP. Additionally, 80.2% of the total XRP supply is currently in profit, giving holders the psychological leverage to re-enter the market or lock in gains.
While XRP has pulled back from a daily high of $2.22, technical signs may point to oversold conditions — a setup often preceding a reversal. However, analysts caution that two key metrics have dropped to 20-day lows, hinting at short-term weakness.
Disclaimer: This article is for informational purposes only and does not constitute investment advice. Cryptocurrencies and stocks, particularly in micro-cap companies, are subject to significant volatility and risk. Please conduct thorough research before making any investment decisions.
