On April 20, 2025, a notable increase in XRP’s network activity was reported, with active addresses rising by 67.50%, from 27,352 to 40,366.
This surge is highlighted in the tweet from @ali_charts, referencing data from Glassnode. Such an increase in network activity often signals heightened investor interest and participation, which can indicate future price movements.
The tweet highlights the importance of active addresses as a key metric for evaluating blockchain activity. Typically, a rise in active addresses suggests a growing user base and could reflect an increase in both buying and selling activity. When this happens in conjunction with a steady or rising price, it could be a positive sign for the cryptocurrency’s short-term future.
Surge in Network Activity: What Does It Mean for XRP?
A surge in network activity, such as the 67.50% increase in active addresses for XRP, is often a bullish sign in the cryptocurrency world. Higher network activity typically indicates more transactions are taking place on the blockchain, which often correlates with increased user engagement.
This could be due to several factors, such as rising investor interest, more people using the network for transactions, or a growing developer ecosystem building on the platform. For investors, this can signal that the asset is gaining traction and could see price increases as demand for the cryptocurrency grows.
A rise in active addresses can also suggest that the asset is becoming more widely adopted, and greater participation could lead to a stronger market sentiment. However, it’s important to monitor the price movements closely, as network activity can also rise during periods of market corrections or price volatility.
Price Chart Analysis
Looking at the price chart from March 24 to April 21, we can see several important patterns and price levels to watch closely.
Key Price Levels:
- Resistance Level: The price of XRP reached a peak of $2.38 around March 24, 2025. This is an important resistance level, as the price failed to break above it multiple times.
- Support Level: XRP found strong support around the $2 level. The price has tested this area several times throughout April without dropping below it, which suggests a solid floor is in place.
- Current Price: As of April 21, 2025, XRP is hovering around $2. This level is crucial for the price’s short-term movements.
In terms of upcoming movements, XRP traders should keep an eye on:
- Support at $2: If the price breaks below $2, there may be further downside potential, with the next support level possibly around $1.85.
- Resistance at $2.2-$2.38: The $2.2-$2.38 zone will be key to watch for any breakout. A sustained push above $2.2 could signal a potential rally toward the upper resistance.
Conclusion
The recent uptick in network activity, combined with XRP’s current price levels, makes it an exciting time for XRP holders and traders. While there is consolidation near the $2.0 mark, the increased number of active addresses suggests the potential for a future price rally. It will be important to monitor whether XRP can maintain its position above $2.0 or if it will face further downward pressure.
Kosta Gushterov
Reporter at Coindoo
Kosta has been a part of the team since 2021 and has solidified his position with a thirst for knowledge, incredible dedication to his work and a “detective-like” mindset. He not only covers a wide range of trending topics, he also creates reviews, PR articles and educational content. His work has also been referenced by other news outlets.
Source: https://coindoo.com/xrp-network-activity-skyrockets-by-67-is-a-price-surge-coming-next/