XRP’s macro outlook remained bullish, with onchain data showing that a breakout was possible if key price support levels were reclaimed.
XRP (XRP) price is up 12% since plunging below the $2 mark on Nov. 21, reclaiming some key support levels. Surging network activity and persistent institutional demand, coupled with reduced supply on exchanges, may lead to a sustained price recovery.
Key takeaways:
A surge in XRP ledger velocity and whale activity signals elevated network activity and demand.