XRP Jumps 7.8% as Network Activity Surges 654%
XRP traded near $2, up 7.8% on the day, as Coingape reported a 654% surge in network activity on the XRP Ledger. The outlet said the jump in on-chain activity has drawn attention from traders assessing whether the token could extend its rally in the coming week.
According to Coingape, the spike in network usage has been accompanied by increased trading volume, with market watchers pointing to the metric as a potential signal of renewed interest in the asset. The report did not specify the exact source or composition of the network activity increase, such as whether it stemmed from transaction counts, wallet activity, or other on-chain metrics.
Broader crypto markets were mixed at the time of the report. Bitcoin traded around $77,218, down 0.7%, while Ethereum stood near $2,431, up 1.4%. Other major tokens including BNB, Solana and Dogecoin also posted gains, with Dogecoin up 6.7% and Solana rising 2.2%.
Coingape’s report framed the network activity surge as a key factor traders are watching heading into the new week, though it stopped short of forecasting a specific price target. The outlet noted that XRP’s price action would likely continue to be influenced by broader market sentiment alongside the ledger-specific activity data.
XRP has been among the more closely watched large-cap tokens this year amid ongoing developments tied to Ripple, though Wednesday’s report focused specifically on the network activity metric and its potential implications for near-term price movement rather than any regulatory or corporate news.
Based on reporting by coingape.com.
