In the past 24 hours, XRP dropped slightly by 0.74%, but recovery signs are emerging as an inverted head and shoulders pattern forms on the 4-hour chart — a bullish structure that could push the price up to $2.5, last seen on March 24. Market sentiment is also turning positive: Options volume surged 256%, with Open Interest hitting $220,860 as traders took long positions. In the spot market, $11 million worth of XRP was bought and moved to private wallets — a sign of strong investor confidence. However, on-chain activity is declining significantly: transaction count fell from 1.56 million to 660,000, and active accounts dropped from 20,700 to 8,500. If this trend persists, it could limit XRP’s rally despite bullish technicals.