According to CoinMarketCap data, XRP’s market capitalization surpassed $204 billion. This pushed XRP ahead of Tether to become the third largest cryptocurrency. The 24-hour trading volume reached approximately $17.1 billion, indicating high liquidity flow and active investor participation. 

New Wave of Investors: Record Wallet Growth on the Network 

In recent weeks, the XRP network has gained a significant number of new users. On-chain data shows the number of new addresses reached the highest level in six months. The number of investors entering the market is rapidly increasing. 

This development contributes not only to price movement but also strengthens the network’s core. New investors, driven by FOMO (fear of missing out), are increasing their XRP purchases. Rising demand directly reflects on prices. 

What Is the Next Target? 

Ripple (XRP) broke an important resistance level by surpassing $3.44. Now, the market focuses on the next technical target of $3.80. If this level is breached, XRP could initiate a new rally up to $4.00. 

However, after this long-anticipated rise, investors may take profit. In that case, the price might retrace to $3.00. This support level is critical for XRP to maintain its upward momentum. 

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