XRP (CRYPTO: XRP) is gaining momentum towards the $2 mark as activity on the XRP Ledger surges while Gemini’s expanded offering in Singapore adds another catalyst.
Network Activity Spikes
Crypto chart analyst Ali Martinez noted that active XRP addresses surged 654.71% from 47,180 to 356,070.
Martinez added that such a sharp increase typically signals stronger network participation and can coincide with increased price volatility.
Meanwhile, pseudonymous trader Altcoin Sherpa expects XRP’s ongoing consolidation to eventually resolve higher.
