#AirdropStepByStep - XRP aims for $2.50 after increase in demand and long-term holders remain.

XRP has seen an increase of nearly 10% in its price over the last week, continuing its upward momentum amid the overall market recovery. At the time of writing, the popular altcoin is trading at $2.28.

The improved overall market conditions have generated new interest from XRP traders and encouraged its long-term holders (LTH) to reduce their selling activity.

XRP rises amid growing demand

The recent price increase of XRP has been driven by a rise in the number of new addresses created for the altcoin. According to Glassnode, this reached a two-week high of 3,677 addresses on April 28. When the count of new addresses created to trade an asset increases like this, it indicates an influx of fresh capital and greater market activity.

As new traders enter the market, they can help strengthen XRP's rally and boost its overall price stability. Additionally, XRP's LTH (those who have held their tokens for more than 155 days) have refrained from selling their holdings over the past week.

This change in behavior is reflected in the drop in the token's Liveliness metric, which measures the movement of its older coins. It is currently at 0.81, its lowest level since December 1.

When Liveliness drops like this, it suggests that these LTH are refraining from selling or transferring their cryptocurrencies, indicating a reduction in selling pressure in the market. This reflects investor confidence in XRP and indicates the potential for continued upward momentum in price.

XRP's bullish momentum: Could $2.50 be next?

On the daily chart, the steady increase in XRP's Relative Strength Index (RSI) confirms the bullish outlook mentioned. At the time of publication, the momentum indicator is at 60.10 and remains on an upward trend.