XRP Rebounds to $1.43 Amid Rising Ledger Transactions

XRP price rebounded to $1.43 as XRP Ledger transactions increased to 2,344,225, up 8.9% from the previous day, according to CoinGecko. The network activity surge could signal growing adoption, though transaction volume may also reflect asset movements between exchanges or wallet reorganization rather than direct usage growth.

Large holder accumulation claims remain debated. Analyst Ali Charts reported that large holders accumulated approximately 1.54 billion XRP over 96 hours, valued at an estimated $2.2 billion based on social media data. However, the lack of specified buyer identities and transaction purposes makes it difficult to confirm if this represents genuine market buying pressure.

CoinGecko cited CryptoQuant data showing 1.6 billion XRP moved into Binance over the past 30 days, though such inflows could indicate either selling preparation or storage/trading activity rather than accumulation. Derivatives metrics showed a 2.73% increase in trading volume to $5.13 billion and an 8.12% rise in open interest to $3.24 billion, suggesting heightened market interest but also potential leverage expansion and volatility.

CoinGecko analyzed XRP's rebound from around $1.28 into an ascending channel, noting that a breakout above the $1.45 resistance could lead to a $1.50 target as a technical scenario. Failure to break $1.45 would see support at $1.40 and $1.36. Indicators like RSI 65 and CMF 0.18 were cited as showing buying pressure but also cautioning that prices nearing overbought territory could increase volatility.