The post XRP: On Verge of Rally? 30% Surge in Key Metric appeared on BitcoinEthereumNews.com. XRP’s market performance What’s next? On the network side, XRP is showing something that might push it up sooner rather than later: over the past few days, the number of active accounts has increased by almost 30%, reaching over 26,000 unique senders. This spike in activity rekindled user interest and may be a crucial indicator of the asset’s performance going forward. Increased interest in holding and transacting with an asset is frequently reflected in the growth of active accounts. For XRP, which markets itself as a blockchain that focuses on payments, this metric is essential. Its viability is primarily determined by the volume of transactions and transfer usage. More market participants are transferring money, testing the network or making cross-border payments, as evidenced by a 30% increase in active wallets. XRP’s market performance In terms of the market, the timing is significant. A descending trendline has been pressed against by XRP’s consolidation around $3.00, which has been above the 50- and 100-day moving averages. Although it has not yet reached the levels observed during July’s explosive rally, buying volume has gradually increased again. On the other hand, the rise in network activity provides a basic level of support that might support a technical breakthrough. XRP/USDT Chart by TradingView When interpreting active accounts as a direct driver of price, one cannot ignore the overall risk surrounding XRP, though. Use of the network does not always correspond to long-term price growth; occasionally, it may even be a reflection of speculative exchanges or transfers. However, the increase in active accounts may work as a tailwind when paired with improving chart structure and market sentiment. What’s next? It is possible that XRP will push toward $3.40-$3.50 if it is able to overcome its resistance around $3.10. This is especially true if user activity stays… The post XRP: On Verge of Rally? 30% Surge in Key Metric appeared on BitcoinEthereumNews.com. XRP’s market performance What’s next? On the network side, XRP is showing something that might push it up sooner rather than later: over the past few days, the number of active accounts has increased by almost 30%, reaching over 26,000 unique senders. This spike in activity rekindled user interest and may be a crucial indicator of the asset’s performance going forward. Increased interest in holding and transacting with an asset is frequently reflected in the growth of active accounts. For XRP, which markets itself as a blockchain that focuses on payments, this metric is essential. Its viability is primarily determined by the volume of transactions and transfer usage. More market participants are transferring money, testing the network or making cross-border payments, as evidenced by a 30% increase in active wallets. XRP’s market performance In terms of the market, the timing is significant. A descending trendline has been pressed against by XRP’s consolidation around $3.00, which has been above the 50- and 100-day moving averages. Although it has not yet reached the levels observed during July’s explosive rally, buying volume has gradually increased again. On the other hand, the rise in network activity provides a basic level of support that might support a technical breakthrough. XRP/USDT Chart by TradingView When interpreting active accounts as a direct driver of price, one cannot ignore the overall risk surrounding XRP, though. Use of the network does not always correspond to long-term price growth; occasionally, it may even be a reflection of speculative exchanges or transfers. However, the increase in active accounts may work as a tailwind when paired with improving chart structure and market sentiment. What’s next? It is possible that XRP will push toward $3.40-$3.50 if it is able to overcome its resistance around $3.10. This is especially true if user activity stays…