Is XRP quietly making big moves? The on-chain activity exploded while the price remained stable

Have you all noticed? This 'cross-border payment veteran' in the crypto world has been secretly making moves recently! On October 30th alone, nearly 9,900 new accounts were added, directly doubling the usual numbers, equivalent to a sudden influx of new players reporting in; by November 1st, it got even crazier, with the payment transaction volume between accounts breaking 1 million transactions, and the total amount piling up to 1.2 billion XRP, with on-chain activity bustling like a festive market.

But the most magical part came—while the trading volume was almost bursting, the XRP price remained stable at $2.52, struggling to break past the critical threshold of $2.70 to $2.80. It later dawned on us that this range was the 'double blockade line' of the 100-day moving average and the 200-day moving average, requiring enough strength to break through. However, this wave of excitement isn't without purpose; after all, the lawsuit between Ripple and the SEC has long been settled, and now the seven major spot ETF applications are awaiting approval. Institutions might be using this opportunity to test payment systems, while retail investors are joining in for the excitement.

Speaking of XRP, it does have some confidence, as it boasts advantages like second-level settlements and transaction fees of just a few cents, with ODL services already handling $1.3 trillion. Institutions have quietly increased their positions and laid their plans. But amidst all this excitement, a bit of cold water is needed: right now, it feels like the commotion before a concert starts; whether new accounts can be retained and whether liquidity keeps up is crucial for determining if the show can actually 'begin.'

So those watching, don't rush in; those holding, don't complain about slow increases. This asset is currently in 'power accumulation mode,' and once it breaks through the moving average resistance, it could lead to a different scene. But remember, the 'quietly making big moves' in the crypto world could also hide the risk of 'quietly hitting the brakes.' Keep a close eye on your wallet! ~#xrp