Don’t Ignore XRP’s Signals: Price, Volume, On-Chain Data All Flash Green
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According to @CoinEdition article
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XRP has turned strongly bullish over the past 24 hours, jumping nearly 8% and reclaiming a market cap above $130 billion. This surge was accompanied by a dramatic 89.75% increase in trading volume, suggesting a sharp uptick in market interest. The price managed to break through the 20-day Exponential Moving Average (EMA) around $2.11 and breached the broader resistance zone between $2.10 and $2.20 — a critical area to hold for continued upward momentum.
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On-chain metrics further strengthen the bullish narrative. According to analyst Ali Martinez, XRP network activity spiked by 67.5% between April 19 and 20, with daily active addresses climbing from around 27,000 to over 40,000. This rise in network engagement often precedes price moves and may signal quiet accumulation during prior periods of consolidation. Increased on-chain activity is typically a positive sign for long-term price strength.
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Technically, XRP is breaking out from a falling wedge pattern — a bullish reversal formation. With the wedge spanning roughly from $1.60 to $2.50, the projected breakout target stands near $3.20 if the price can hold above the upper trendline around $2.30. Indicators like the RSI, now at 56.69, point to growing buying momentum, while the MACD remains bullish with the MACD line above the signal line and a positive histogram. In the short term, $2.25 is the next key target, while support lies at $2.11 (20-day EMA) and the $2.00–$2.10 range.
