XRP Targets $1.50 Amid Rising On-Chain Activity

XRP recently traded higher, reaching approximately $1.43 as institutional demand strengthened across digital asset markets, according to CoinGape. The broader cryptocurrency sector saw its total market capitalization increase by 1.5% to $2.79 trillion over the same reporting period, supported by stability in Bitcoin near $81,000 and upward momentum in Ethereum toward $2,600.

Data from XRPScan cited by CoinGape shows that the XRP Ledger processed 2.34 million transactions over a 24-hour window, representing an 8.9% increase from the previous day. Analysts note that this metric highlights higher user interaction and asset transfers on the network, though sustaining this transaction volume over the long term will be necessary to confirm broader adoption trends.

Additionally, large XRP holders accumulated approximately 1.54 billion tokens during the recent activity wave, contributing to bullish near-term price projections that target the $1.50 resistance level. Market participants continue to monitor on-chain metrics and broader macroeconomic conditions to gauge whether the momentum will persist across major cryptocurrency exchanges.

Based on reporting by coingape.com.