$XRP XRP surprises the market with a 119% surge... Is a breakout imminent? 🚀🔥
Payment volume on the XRP Ledger jumped 119.6% in 24 hours, reaching 770.6 million XRP.
🔹 New institutional inflows: Franklin Templeton’s XRP fund recorded net inflows of $3.55 million during the October 22 session.
🔹 Price under pressure: XRP is trading near $1.31–$1.32 after failing to break above $1.40.
🔹 Network update: Activation of a technical upgrade has been postponed to November 4, provided validators continue to support it.
Upcoming event: Ripple Swell conference, taking place October 27–29, with markets watching for new announcements and developments.
📊 Key levels to watch:
🟢 Resistance: $1.37, then $1.40.
🔴 Support: $1.30, then $1.25.
💬 The question now: Could increased network activity and institutional inflows pave the way for an XRP recovery, or will selling pressure persist?
⚠️ Increased network activity does not guarantee a price increase, and this content is not investment advice.
Payment volume on the XRP Ledger jumped 119.6% in 24 hours, reaching 770.6 million XRP.
🔹 New institutional inflows: Franklin Templeton’s XRP fund recorded net inflows of $3.55 million during the October 22 session.
🔹 Price under pressure: XRP is trading near $1.31–$1.32 after failing to break above $1.40.
🔹 Network update: Activation of a technical upgrade has been postponed to November 4, provided validators continue to support it.
Upcoming event: Ripple Swell conference, taking place October 27–29, with markets watching for new announcements and developments.
📊 Key levels to watch:
🟢 Resistance: $1.37, then $1.40.
🔴 Support: $1.30, then $1.25.
💬 The question now: Could increased network activity and institutional inflows pave the way for an XRP recovery, or will selling pressure persist?
⚠️ Increased network activity does not guarantee a price increase, and this content is not investment advice.