XRP (Ripple) just processed over 1.6 million transactions in 24 hours, and this massive spike in activity suggests the network might be gearing up for a comeback despite the boring price action we've been seeing lately.
XRP (Ripple) Network Activity Points to Growing Interest
The jump to 1.6 million daily transactions is pretty significant - it's not something you can just ignore. This kind of network activity usually happens when both traders and actual users start getting more active, and historically, these spikes often come right before major price moves.
What makes this interesting is that it could mean institutional players are coming back to the game, or we're seeing more real-world use of XRP for settlements. Either way, when this many people start moving money around, it usually means something's brewing.
The timing is curious too. While spot trading volume is still pretty weak compared to XRP's big runs in 2023 and early 2024, the network itself is clearly heating up. This disconnect between on-chain activity and trading volume often resolves itself - usually with price following the network activity.
XRP (Ripple) Price Action Shows Consolidation Before Potential Breakout
From a technical standpoint, XRP is stuck in a tight spot right now. The 50 EMA and 100 EMA are acting like a ceiling around $2.22-$2.23, keeping the price locked in a range. But here's the thing - XRP has been making higher lows since June, which is slowly squeezing it into a tighter and tighter wedge.

This kind of setup usually doesn't last forever. If buying pressure keeps building alongside this transaction surge, we could see XRP finally break out of this consolidation pattern. The question is whether it can punch through those moving averages that have been holding it down.
What This Means for XRP's Next Move
Look, 1.6 million transactions in a day is a clear sign that something's happening beneath the surface. The network is definitely waking up, and if the price can break through those resistance levels around $2.22-$2.23, we might see XRP test the next targets at $2.40 and $2.55.
But here's the catch - we need to see actual trading volume catch up to this network activity. Right now, there's a gap between what's happening on-chain and what's happening in the markets. Until that gap closes, traders should probably keep their expectations in check.
The bottom line? XRP's network is showing real signs of life, and this could be the start of a proper recovery. But we need volume confirmation before calling it a comeback. For now, it's worth watching closely as XRP navigates this tricky market structure.