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XRP XRP rose 70% to $1.70 in less than a week. After losing the US$1 support level, this strong rally was particularly prominent in whale buying, ETF inflows and the surge in XRP book activity. Today, the market focus is in the $1.65 to $1.70 range.
Why did XRP suddenly rise?
This round of XRP's market is not just driven by the overall market rebound. Chain data shows that large investors also participated in this round of gains.
On-chain data shows that whales have increased their holdings of approximately 400 million XRPs in a few days. As prices move away from $1, these purchases clearly provide support for gains.
However, the rise in XRP cannot be explained by whale behavior alone. Demand for spot XRP ETFs in the United States has also heated up again.
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XRP ETF capital inflows accelerate
Spot XRP ETF accelerated again last week after several weeks of limited capital inflows. Together, these funds recorded a net inflow of approximately US$40 million.
This figure was the strongest week for ETFs since May. The cumulative total inflow has exceeded US$1.55 billion.
Bitwise's XRP fund still maintains a leading position among other products in terms of overall size.
Institutional demand has rebounded again, making it difficult for the price trend of XRP to be regarded as only short-term speculation. However, if the token wants to establish a subsequent direction, it still needs to break through key resistance levels.
Why is $1.65 to $1.70 important to XRP?
XRP showed a sharp correction after hitting $1.70. The current focus area for analysts is $1.65 to $1.70.
CasiTrades also emphasized the importance of this area in the assessment released today. The analyst believes that it is not enough for XRP to just touch the area. Prices need to break through resistance first and then successfully use this level as support for backtesting.
Only after that can the real structural changes be confirmed.
Therefore, the fact that XRP tested $1.70 only once does not alone mean that a new bull market has begun. Breaking through resistance and holding it after a backtest is even more important to the sustainability of the current rally.
XRP ledger activity soared 650% in a few days
While prices rose, there were also eye-catching developments in XRP ledgers.
Ali Martinez reported based on Sanitation data that the number of active addresses soared by more than 650% in a few days, from 47,180 to more than 356,000.
Such rapid growth suggests a significant increase in online engagement. Martinez pointed out that such movements are often accompanied by higher price volatility.
On the other hand, new developments regarding XRP application scenarios have also surfaced. There have been various reports recently that FedNow payments can be made through Ripple's tokens. These claims are related to Ripple's Volante integration; however, the relevant sources do not include FedNow's official announcement, and the specific scope of use is not clear.
Gemini opens XRP transfers through XRP ledger
Another development comes from Gemini. Tyler Winklevoss, co-founder of the exchange, announced that Gemini users in Singapore can now recharge and withdraw XRP directly through the XRP ledger network.
This move shows that XRP continues to receive attention not only due to price movements, but also through the expansion of network use and exchange infrastructure.
Ripple's communication in Washington is also ongoing. CEO Brad Garlinghouse attended the White House Cryptocurrency Summit and the CFTC Innovation Advisory Committee meeting last week. Garlinghouse said that after these meetings, all parties, including traditional finance, wanted clearer regulations for the cryptocurrency industry, and the CLARITY Act was at the core of these expectations.
This round of rise in XRP was thus strengthened by the superposition of a number of different developments over the same period. But from a price perspective, the most critical threshold remains unchanged: the $1.65 to $1.70 range.
If XRP can break through the area and turn it into support when retracement, then this rally could evolve into a stronger signal of structural change. Otherwise, the $1.70 test could just be the culmination of this sharp rally.
