XRP on-chain metrics show recovery, suggesting potential rebound

On-chain signals suggest a potential rebound for XRP, as network activity on the Ripple-led XRP Ledger (XRPL) is showing a rapid recovery, according to an analysis by U.Today. From a technical standpoint, XRP remains in a downtrend, having traded below its key 50, 100, and 200-day exponential moving averages (EMAs) for several months, which have acted as overhead resistance. However, selling pressure has recently eased, with the sharp sell-off slowing and a structure of higher lows forming. This shift is mirrored in network metrics, where the number of XRP Ledger transactions has approximately doubled in 24 hours. This increased activity could indicate a rise in real-world demand or a resumption of speculative capital inflows, rather than just market volatility.