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XRP continues to be in the spotlight as renowned market analyst Ali Martinez reports a 16.5% jump in XRP futures open interest last week, rising from $1.39B to $1.62B.
Source: Ali MartinezThis surge underscores growing trader confidence and heightened derivative activity, signaling renewed bullish momentum for the altcoin.
After months of weakness, the crypto market is showing signs of revival amid ongoing geopolitical uncertainties.
XRP is leading the charge, with its market cap surpassing $93 billion and its $3 target back in focus. Analysts point to strong technical setups and growing investor interest as potential catalysts for further gains, provided the broader market stays supportive.
On-Chain Growth and Undervalued Status Signal Bullish Momentum
Data from leading crypto analytics firm Santiment shows XRP adoption hitting a historic high. The XRP Ledger now has more than 7.7 million holders, a figure not seen in its 13-year history. This surge in active wallets reflects a growing user base, indicating that XRP is not just traded actively but increasingly held for long-term value and utility.
The XRP Ledger also hit a five-week high of 46,767 active addresses, signaling a strong uptick in daily transactions. This surge indicates that XRP’s revival is driven not just by speculation, but by real adoption and growing network activity.
What does XRP’s surge reflect? Well, it shows a mix of technical recovery, rising market participation, and growing adoption across its ledger.
As a result, the 5th-largest cryptocurrency is well-positioned to ride the broader crypto market rebound and may be gearing up for its next major price milestone.
Meanwhile, a market analyst recently labeled XRP “criminally undervalued,” noting that its Relative Strength Index (RSI) sits at levels last seen during the 2022 market bottom, hinting at significant upside potential for value-seeking traders.
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Source: https://zycrypto.com/wen-3-xrp-price-xrp-futures-heat-up-as-xrpl-hits-historic-milestone-with-nearly-8-million-holders/
