Saad Ullah
XRP's wild ride started on July 8 when it bounced off $2.248 and just kept climbing for four straight days. The real breakthrough came when it smashed through both the 50-day moving average at $2.24 and the 200-day at $2.36. That's when traders knew something big was happening.
Right now, XRP is sitting pretty at $2.8, up 6.81% in the last 24 hours with an intraday high of $2.848. Sure, it got rejected at $2.96 on July 11, but the bounce back shows there's still plenty of buying interest. Trading volume tells the same story – it's up 103% to $16.23 billion according to CoinMarketCap.
Network Growth Shows Real Interest in XRP Price
Here's where it gets interesting. Santiment data shows that 6,939 new XRP wallets were created in just one day – the most since March 1. That's not just random speculation; that's real money flowing in from new users who actually want to hold XRP.
The timing is perfect too. XRP has been steadily climbing since it hit rock bottom at $1.9 back on June 22. When you see new wallets popping up alongside price increases, it usually means the rally has solid ground underneath it, not just hype.
Social Media Buzz Signals XRP Price Momentum
The social media numbers are pretty wild. Over 5.5% of all crypto talk online is now about XRP – the highest since March 18. That's huge for a coin that's already the third-largest by market cap. When retail traders start talking this much about a top crypto, things tend to get interesting fast.
What makes this rally feel different is that everything's lining up. You've got new wallets, massive volume, social media going crazy, and the price breaking through technical levels. It's like all the pieces are falling into place for XRP to make a serious run at $3.
If XRP can break above that $2.96 resistance and hold it, traders are already eyeing $3.40 as the next stop. Some are even talking about $5 in the long run, though that's getting pretty ambitious. For now, the $3 retest everyone's been waiting for looks more likely than ever.
Saad Ullah
