#MarketRebound

XRP’s network saw a massive surge in daily active addresses, jumping 1,609% from about 32,000 on June 9 to 547,000 on June 10, marking the largest single-day increase this year. This spike indicates growing interest from both retail and institutional investors and could signal an influx of capital into XRP. Correspondingly, XRP’s price rose 4.59% over two days, trading around $2.28.

This surge in activity and price movement resembles the 2017-2018 bull run pattern, where XRP went from consolidation phases to a major breakout, eventually reaching $3.84. Analysts speculate XRP might be entering a similar cycle, with potential to reach around $8.82 if the pattern repeats.

Key factors supporting this bullish outlook include Ripple’s recent legal clarity from its SEC case, anticipation of an XRP spot ETF decision expected June 17, and institutional accumulation. Whale accumulation and declining XRP supply on exchanges also point to tightening liquidity, which could further boost prices.

Price forecasts vary, with short-term targets around $3 to $5, and optimistic medium- to long-term projections reaching $8 to $36 or higher by 2025-2027, depending on regulatory approvals and market conditions.

In summary:

• XRP’s daily active addresses surged 1,609% in 24 hours, signaling strong investor interest.

• Price rose modestly, with potential for a major breakout reminiscent of the 2017 bull run.

• Regulatory wins, ETF anticipation, and whale accumulation underpin bullish sentiment.

• Price targets range from $3-$5 short term to $8-$36+ medium to long term, contingent on catalysts