Key Insights :
- The SuperTrend signal for XRP released a super sign that highlighted the wedge breakout.
- XRP flipped USDT in market cap, took the third spot as the altcoin dominates Korean markets.
- Payment transactions from XRP ledger were 728,274 per day indicating continued network activity.
Analysis of Ripple (XRP) prediction showed a potential recovery toward $3 as technical indicators pointed to bullishness amidst growing ledger metrics.
XRP Prediction Analysis
Analysis of XRP prediction showed the SuperTrend signal reversed the green to $2.0678, sending a big bull sign, confirming the purchase in the daily table.
Both charts showed a breakaway from a falling wedge formation at the time, with price rising and recovering the upper line of the formation at about $2.30.
The SuperTrend signal released a super sign that highlighted the wedge breakout, which included the momentum crossover signal moving to the upside.
If XRP managed to break over the horizontal resistance at $2.45, the breakout may gain momentum, pointing the way for XRP to rally higher towards $3 and could extend further above.
The pattern indicated bullish continuation in case XRP price held above the wedge apex and the $2.30 support area.
But if price can not hold up above $2.30 and gets drawn down once again below $2.0678 – the present ST base, momentum may fizzle.
A pullback to $2 could result in the breakout being threatened. The double indicators—wedge breakout and supertrend confirmation—had unprecedented prevalence, carrying strong bullish conviction.
However, a further volume and price action above $2.45 would be needed to justify the breakout.
XRP’s projection was positive while it traded above important levels, and continuation would be indicative of whether this rally lived or died.
XRP Dominating Upbit as it Flips USDT Market Cap
Meanwhile, XRP just recently overtook USDT in total market cap, thus officially entering the number three rank of all digital coins. XRP attained about $150.45 Billion compared to USDT’s 149.98 Billion.
Such a milestone indicated renewed investor confidence, perhaps owing to robust technical signals and positive liquidity.
Despite this kind of positioning usually drawing new flows, XRP may need to hold onto its rank based on the increased adoption and a wider market sentiment.
In Korea’s premier exchange, Upbit, XRP was the most popular traded crypto asset, with a 24-hour volume of $244.99 million, a 9.82% increase in volume share.
This was an indication of voracious local demand and potential retail excitement. Although such surges have long driven XRP upwards, it may well come down to whether Korean demand continues.
Other popularly traded assets on Upbit were Dogecoin with a $239.31 Million, which was a 9.6% increase, Ethereum with $148.76 Million, which was 5.97%, and Bitcoin at $145.08 Million, which was a 5.82% change.
Although the corresponding activity of such coins was also significant, XRP’s dominance suggested a stronger local narrative.
If the Korean volume persists in being high, XRP will rally further. Beginning drops in volume can however cause retracements.
XRP Prediction from Ledger Metrics
Payment transactions from XRP ledger metrics were 728,274 per day, indicating continued network activity. In the last six months, payment counts rose above 1 million, virtually every day, showing continued use.
Besides, XRP payment volume peaked at over 750 million on 24 April and 7 May since December 2024, indicating an increase in on-chain value transfer.
Such metrics may suggest high user involvement and increasing network confidence that is most commonly associated with price strength.
However, increasing volume, as well as transaction count, may confirm positive movement for XRP. However, a decline in these metrics could indicate a waning interest, which can wait for price ascent or initiate it for consolidation.