Cryptocurrency XRP grew by a record 21% over the week

XRP XRP $2.56 XRP 0.99% Market capitalization $150.09 billion VOL. 24 hours $0.63 billion is showing strong positive dynamics — the coin has added 4.56% over the past day and raised its total weekly gain to 21.21%. This growth occurs against the backdrop of the absence of significant resistance zones above the current price, which creates the preconditions for a potential jump in the token’s value. According to analysts, in the event of a market decline, XRP will face a stable support level at $ 2.38.

The technical landscape is favorable for growth: the absence of clusters of sell orders above the current price level reduces the likelihood of a pullback, allowing the asset to continue moving upward. At the same time, buying activity is growing both on the spot market and in the derivatives segment. Over the past week, investors have withdrawn $ 48.93 million worth of XRP from exchanges, indicating that they are accumulating the asset with an eye toward long-term growth.

In the futures market, open interest increased by 17.17% to $ 5.5 billion, and in options by 18.78% to $ 1.03 million. An additional signal in favor of continued growth was the positive funding rate in futures, which indicates the preference for long positions — most traders expect further price growth.

However, the potential for a new XRP rally remains dependent on the recovery of the network’s fundamental activity. Currently, the number of daily active addresses and transaction volumes remain below historical highs, which limits the overall utility of the asset. Only the return of a significant part of investors can provide additional impetus for sustainable growth.

In the event of a favorable development, XRP could become a market leader in terms of growth. In the absence of strong technical barriers and with the growth of activity in the network, the token has every chance of realizing the next wave of rally.