xrp whale activity surges - XRP Surges Over 25% Amidst Record On-Chain Activity
XRP has rebounded sharply, climbing over 25% to reach $1.41 after dipping below $1.15. This rapid recovery occurred within 18 hours, driven by heightened whale activity, with 1,389 transactions exceeding $100,000, marking the highest level in four months. Additionally, active XRP addresses surged to 78,727 in an eight-hour period, the highest in six months, indicating increased network participation.The price volatility comes as the broader crypto market experiences turbulence. XRP's price movement has been closely linked with on-chain activity, as the token temporarily reached over $1.50 before stabilizing. Current trading levels show support at $1.29 and resistance at $1.53. The recent spike in whale transactions and active addresses suggests a strong correlation between on-chain activity and price recovery.