Fresh Ripple Addresses Jump to 8-Month-High as $6 XRP Target Emerges

Ripple’s native token has moved back up to $2.33, recovering from recent lows after strong activity on the XRP ￰0￱ recovery comes after a week where the asset dropped by double digits, influenced by broader market ￰1￱ to market data from Santiment, 21,595 new XRP wallets were created over a two-day span, the largest increase in eight ￰2￱ comes after a 12% price jump in 24 hours, offering gains to those who bought during the recent dip. On-Chain Transactions and Wallet Trends Between October 6 and November 6, XRP Ledger transaction counts moved between 1.3 million and 1.9 ￰3￱ peak occurred around November 3, when activity reached around 1.9 million transactions before pulling back to 1.7 million by November ￰4￱ this time, XRP’s price dropped from $2.50 to $2.20, later recovering to $2.3.) processed 954,000 transactions in a single day, reaching a new ￰5￱ marked one of the busiest periods for XRP on-chain trading in recent months, even as the price stayed under ￰6￱ behavior has added to the recent ￰7￱ 900,000 tokens were sold by large holders over a five-day stretch, as recently reported by ￰8￱ from whales to exchanges have since slowed, but earlier selling may still be affecting sentiment in the ￰9￱ Price Levels and Market Structure Analyst Javon Marks pointed to $5.76 to $9.73 as possible next levels for XRP based on previous breakout patterns.

A similar setup was seen in past cycles, where the asset surged after long consolidation phases. Fibonacci-based targets on the current structure align with those estimates. Meanwhile, another analyst, EGRAG CRYPTO, noted that if XRP stays above $1.94, the current range could act as an accumulation ￰10￱ outlined two scenarios: one targeting $10 and another projecting $50 in an extended ￰11￱ the short term, CryptoWZRD noted strong daily closes for both XRP and ￰12￱ analyst marked $2.75 as key resistance and $2.27 as short-term support. “A breakout from the lower-high trendline can open the door to further upside,” they ￰13￱ action near $2.55 could serve as a decision point, especially with Bitcoin still guiding broader market movement.