Active XRP addresses surge hinting at imminent price breakout

With bulls and bears still struggling for dominance in the cryptocurrency market, the XRP token has been no different, but certain on-chain indicators are currently favoring bullish sentiment for the asset, particularly the historical spikes in activity.

Timeline of Xrp

XRP News: The global digital market had a good run last week as the biggest of the cryptos like Bitcoin (BTC) and Ethereum (ETH) prices jumped by over 12% and 8%, respectively. However, Ripple's native crypto, XRP, seems to be the only major token that printed a red index amid the recent rally.

The Ripple price is currently encountering strong resistance near the $0.520 level against the US dollar. Despite Bitcoin's success, XRP is struggling to maintain a bullish stance.

Crypto analyst Ali Martinez has sparked excitement among investors by suggesting that the price of XRP, a popular cryptocurrency, may experience a significant surge if historical patterns repeat. Martinez observed a correlation between the rise in XRP's price and the number of active addresses on the XRP network.

The crypto market appears relatively stagnant to start the week, Ripple-affiliated XRP is catching attention with signs of bullish momentum, according to a tweet by market analytics firm Santiment.

Ripple continues to defy legal obstacles, unveiling a groundbreaking CBDC platform while igniting curiosity surrounding XRP's potential through surging active addresses and price trends.

As the lawsuit between the U.S. Securities and Exchange Commission (SEC) and Ripple drags on, lawyer John Deaton has found himself again at the centre of a heated debate surrounding the classification of XRP as a security.

The recently published Hinman documents in the legal battle between Ripple Labs and the US Securities and Exchange Commission (SEC) have caused quite a stir and strengthened the XRP army's belief that the fintech will prevail against the regulator. What has attracted little attention, however, are the documents and emails that Ripple has had to release.

Ripple (XRP) price has stagnated within the $0.47 – $0.49 range for the past week. But, as the media buzz surrounding XRP cools, the underlying economic activity on the network has intensified.

Ripple CEO Brad Garlinghouse and chief legal officer Stuart Alderoty remain optimistic about summary judgment in Ripple's favor as the US SEC's argument becomes weak. July could prove to be a crucial month for the crypto market, with many major developments expected by investors.

Crypto Market News: A fresh development occurred in the U.S. Securities and Exchange Commission's (SEC) lawsuit against Ripple, following the recent release of Hinman documents. Uncertainty shrouded the XRP token holders as the wait for Summary Judgment continues.