Summary: 1,300,000,000 in 24 Hours: XRP Skyrockets 60% in Key Metric

XRP has recently demonstrated a remarkable resurgence, experiencing a robust 60% recovery from its recent lows. This significant turnaround is not merely reflected in price action but is also underpinned by compelling on-chain metrics and strong technical indicators, painting a picture of renewed investor interest and potential for sustained growth. Market and Technical Rebound The cryptocurrency’s price has notably bounced from a local low of $2.75, now trading above $2.97. This recovery was solidly supported by key technical levels, including the 26 Exponential Moving Average (EMA), which has historically served as a reliable foundation during previous uptrends. Furthermore, the Relative Strength Index (RSI) successfully rebounded from the midline at 50, signaling a healthy reset after a period of parabolic growth. Volume metrics also confirm this positive trend, with an increase in buying pressure indicated by green candles alongside higher trading volumes, a classic sign of accumulation. Surging On-Chain Activity and Future Outlook Beyond price and technicals, XRP’s on-chain activity has shown a dramatic increase, notably recording an astonishing 1.35 billion XRP in payments on a single day. This milestone is particularly significant as it suggests a broader demand for transactions, extending beyond mere whale or exchange movements, and marks a clear reversal from the flat transaction volumes observed in the second quarter. While XRP still needs to reclaim the $3.20-$3.40 range and establish a second leg of higher highs with sustained volume for a complete bullish breakout, the current multidimensional foundation of price support, RSI resilience, and the unexpected spike in on-chain volume collectively point towards a structural recovery. If this momentum persists, XRP could be on the cusp of its next significant growth phase.