Ripple’s native XRP token has produced a strong comeback, whipping up 33.58% gains over the past 30 days. Much of that can be attributed to the rising activity on the XRP Ledger, which just inked a quarterly high in active crypto wallet addresses.
The move comes just as Tyler Winklevoss, one part of the famous Winklevoss crypto bros, announced that Gemini’s customers in Singapore can now easily deposit & withdraw XRP tokens directly on the native XRP Ledger. This enables a seamless transaction process between self-custodial wallets & client balances on-site.
XRP’s Ready For Another Major Price Swing
According to Santiment’s blockchain data, the daily active addresses rose from 47,180 to 356,070 in a couple of days. Per Ali Martinez’s take, that kind of on-chain movement typically implies drastic XRP price fluctuations coming up as participants get prepared for a big move.
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Another key implication of incoming price volatility is the Bollinger BandWith. Since last week’s spike, these price-sensitivity measuring envelopes have orchestrated a similar setup to the early 2025 rally. Back then, XRP’s first leg-up took it to $2.69, while the follow-up breached $3.29.
With XRP now trading well above the green-label SuperTrend price, the setup resembling the 2025 rally needs to maintain the $1.55 resistance bubble in order to activate. Conversely, a break below the $1.24 XRP price level would shuffle the cards back in the bear’s favour in a historically-sensitive demand range. Here, short-sellers could provoke a dip to $1.14.
However, with the rising demand, that may not be the case: steadily-growing trading volumes on the associated coin typically reduces the chances of a bull trap. In crypto, bull traps occur when digital assets pullback to the same level they were before the breakout. For XRP, there’s no likelihood of that if XRP sustains above the red-label BOLL band at $1.55.
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