{"id":49868,"date":"2025-03-05T16:56:01","date_gmt":"2025-03-05T16:56:01","guid":{"rendered":"https:\/\/mycryptomania.com\/?p=49868"},"modified":"2025-03-05T16:56:01","modified_gmt":"2025-03-05T16:56:01","slug":"this-ripple-metric-explodes-by-over-600-in-a-week-xrp-price-pump-incoming","status":"publish","type":"post","link":"https:\/\/mycryptomania.com\/?p=49868","title":{"rendered":"This Ripple Metric Explodes by Over 600% in a Week: XRP Price Pump Incoming?"},"content":{"rendered":"

TL;DR<\/strong><\/p>\n

Active XRP addresses have exploded in the past week, signaling new bullish momentum for the asset\u2019s price.<\/span>
\nAnalysts remain optimistic, with some predicting a parabolic move above $27. However, that would require the market cap to jump to the unrealistic $1.5 trillion.<\/span><\/p>\n

<\/a><\/span><\/h2>\n

The Substantial Increase<\/h2>\n

Ripple\u2019s XRP witnessed enhanced volatility in the last week, with its price briefly plunging below $2 towards the end of February and <\/span>reaching<\/span><\/a> a local top of over $3 at the start of March. Currently, the asset is worth around $2.50, representing a 10% jump on a seven-day scale.\u00a0<\/span><\/p>\n

<\/a>XRP Price, Source: CoinGecko<\/p>\n

Some factors suggest that a further jump might be on the horizon. <\/span>According to Ali Martinez, <\/span>the number of active XRP addresses has<\/span> skyrocketed<\/span><\/a> by 620% in the last <\/span>week:<\/span> from less than 75,000 to over 460,000.<\/span><\/p>\n

The significant resurgence signals increased network activity, growing adoption, and more on-chain utility for Ripple\u2019s native token.\u00a0<\/span><\/p>\n

Another element worth observing is the whales\u2019 activity. Earlier this month, Martinez <\/span>revealed<\/span><\/a> that large investors purchased more than 270 million XRP in 48 hours. Continuous efforts of that type leave fewer tokens on the open market, which could be followed by a price rally (assuming demand doesn\u2019t head south).<\/span><\/p>\n

The<\/span> whales\u2019 actions <\/span>is also closely monitored by some smaller players, who<\/span> might decide to follow suit and inject fresh capital into the ecosystem.<\/span><\/p>\n

XRP\u2019s Next Possible Targets<\/span><\/h2>\n

Crypto X is full of market observers who believe the asset\u2019s valuation is gearing up for a <\/span>major<\/span> bull run. Most recently, the analyst using the moniker EGRAG CRYPTO <\/span>outlined<\/span><\/a> some <\/span>important<\/span> reasons why XRP could be preparing for its next \u201cbig leap.\u201d<\/span><\/p>\n

Some <\/span>of the<\/span> factors include a retest of \u201cthe bull market support band\u201d and a \u201cnoise consolidation\u201d at the $2-$3.40 range.\u00a0<\/span><\/p>\n

The X user reminded that in 2017, XRP followed \u201ca classic Fib extension move, smashing Fib 1.618, consolidating, then making another parabolic move to Fib 2.236.\u201d They assumed that if history repeats, this could result in a price explosion above $27.\u00a0<\/span><\/p>\n

It is worth noting that such a high valuation would require the coin\u2019s market cap to soar to almost $1.5 trillion. As of this writing, the total capitalization of the entire crypto sector is around $3 trillion, making the forecast somewhat implausible.\u00a0<\/span>EGRAG CRYPTO had an answer to that, saying:<\/span><\/p>\n

\u201cNow, I <\/span>already<\/span> hear the skeptics yelling, \u201cBut what about Market Cap?!\u201d Here\u2019s my response: Shut the FUD up. Market cap is a flawed measurement <\/span>when it comes to<\/span> real utility-driven assets.\u201d<\/span><\/p>\n

The post This Ripple Metric Explodes by Over 600% in a Week: XRP Price Pump Incoming?<\/a> appeared first on CryptoPotato<\/a>.<\/p>","protected":false},"excerpt":{"rendered":"

TL;DR Active XRP addresses have exploded in the past week, signaling new bullish momentum for the asset\u2019s price. Analysts remain optimistic, with some predicting a parabolic move above $27. However, that would require the market cap to jump to the unrealistic $1.5 trillion. The Substantial Increase Ripple\u2019s XRP witnessed enhanced volatility in the last week, […]<\/p>\n","protected":false},"author":0,"featured_media":49869,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-49868","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-discovery"],"_links":{"self":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/49868"}],"collection":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=49868"}],"version-history":[{"count":0,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/49868\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/media\/49869"}],"wp:attachment":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=49868"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=49868"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=49868"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}