by Coinstrooper Crypto Articles
Quick Take
  • XRP trades at $1.43, pulling back after a move in a striking on-chain trajectory of the month.
  • Ripple, the XRP parent company, is also in the news with active addresses on the XRP Ledger exploding.
  • Santiment data cited by Finbold shows active addresses rocketing from 47,180 to 356,070 between August 10 and August 24, a 650% surge in just two weeks.
  • Earlier August data had already shown daily active addresses climbing to 33-35% month-over-month, with new address creation essentially flat.

What Happened

XRP trades at $1.43, pulling back after a move in a striking on-chain trajectory of the month. Ripple, the XRP parent company, is also in the news with active addresses on the XRP Ledger exploding.

Earlier August data had already shown daily active addresses climbing to 33-35% month-over-month, with new address creation essentially flat. This means that existing holders are driving the surge.

That distinction matters. Rising engagement from an existing base reads differently than a wave of fresh speculative money, and it’s landing at a moment when XRP is consolidating just under a resistance band that’s proven stubborn all month.

Market Context

Can XRP Price Hit $1.60 Amid Ripple Exploding News?

XRP briefly tapped $1.76 last week before stabilizing near $1.50, and now sits at $1.43 after a mild 24-hour retreat. The asset added over $31.27 billion in market cap in seven days, pushing valuation to above $90 billion before stabilizing.

The base case has price grinding sideways in the $1.40-$1.55 range while the market digests whether address growth is signal or noise. Failure to hold above the psychological $1.00-$1.30 support zone would invalidate the bullish setup entirely, though that scenario looks distant given the current structure.

Our research desk is blunt about the risk here: rising active addresses correlate with higher participation, but there’s no guaranteed causal link to price. Traders watching this setup should track whale transaction flows alongside the $1.55 breakout attempt.

XRP holders who bought the dip near $1.00 are sitting comfortably. But at a $90 billion market cap, doubling from here requires an enormous amount of fresh capital. This is a mathematical reality that caps near-term upside even if the $1.55 breakout confirms.

MAXI brands itself as a “240-lb canine juggernaut” built around 1000x-leverage trading culture, complete with holder-only trading competitions and leaderboard rewards funded by a dedicated Maxi Fund treasury.

The presale has raised $4.8 million at a current price of $0.0002835, with 65% APY staking rewards live for early buyers.

Why It Matters

Santiment data cited by Finbold shows active addresses rocketing from 47,180 to 356,070 between August 10 and August 24, a 650% surge in just two weeks. The figure is a number that “dwarfs the network’s recent daily averages,” while analyst Ali Martinez flagged the same spike on X as a signal worth watching closely.

The level that matters now is $1.55-$1.60, the resistance band multiple outlets flag as the line XRP needs to clear to confirm the Ripple network-activity news. A break above could open a retest of the recent $1.76 high.

Details

Discover: The Best Crypto to Diversify Your Portfolio

Trade XRP on Bybit and Get a Chance to Win Our $1,000 USDT Airdrop

Maxi Doge Targets Early Mover Upside as XRP Tests Key Levels

Not just that, this has also pushed a chunk of trader attention toward earlier-stage plays where the math works differently. Maxi Doge ($MAXI) is leaning hard into that appetite.

Research Maxi Doge directly before deciding.

Discover: The Best Token Presales

The post Ripple News: Network Activity Jumps, Will XRP Follow? appeared first on Cryptonews.