Web Analytics
Crypto Potato
2026-05-16 06:38:01

Massive XRP Network Surge Followed Price Rally to 2-Month Peak

Although Ripple’s cross-border token couldn’t continue its run that began on Thursday, it still managed to result in an impressive peak for the overall usage of the ecosystem’s network. Meanwhile, analysts noted that certain investors are “quietly buying long positions,” as the asset remains below the key 100 EMA line. Network Usage Rocketed as Price Tried to Break Out XRP’s price went on an impressive run on Thursday, most likely propelled by the progress of the CLARITY Act in the US. As reported, the long-anticipated bill passed the Senate Banking Committee, which was considered a major step in the right direction for the legislation to be signed into law. Ripple’s token could be among the biggest beneficiaries of the bill, given its controversial history with the SEC and the lawsuit about its status as a security (or not). Consequently, its price felt a substantial uptick once the bipartisan vote went in favor of the bill, with 15-9, and XRP jumped from $1.42 to $1.55. This became its highest price tag in approximately two months. This substantial increase also impacted the XRP Ledger’s activity, according to Santiment Intelligence. The analysts said this surge was “enough to help the network erupt to its highest level of on-chain activity since March.” Both active addresses and network growth reached levels not seen since March. The $XRP price surge above $1.54 for the first time in 2 months was enough to help the network erupt to its highest level of on-chain activity since March. The XRP Ledger just had its highest 24-hour period of: Active Addresses (48,453: Highest Since March 30) Network… pic.twitter.com/iInHHdei5P — Santiment Intelligence (@SantimentData) May 15, 2026 It’s worth noting, though, that XRP was rejected almost immediately at $1.55 and dumped to its starting point, where it sits now as well. Santiment added that this activity spike is likely just general price FOMO, but explained that more transacting on a network is still a “key ingredient to mid- and long-term price growth.” Someone Is Quietly Buying Weighing in on XRP’s price movements, popular analyst CW said the “position delta value actually increased” as it appears that “someone is quietly buying long positions.” They even increased their positions at lower prices after the token dropped. In a separate post, the analyst explained that XRP has not broken through the 100 EMA line, which appears as the first major obstacle ahead. If it does, then it will likely continue to the 200 EMA line, which is currently at $1.70. It’s worth noting that the token hasn’t reached such high levels in well over three months. The post Massive XRP Network Surge Followed Price Rally to 2-Month Peak appeared first on CryptoPotato .

获取加密通讯
阅读免责声明 : 此处提供的所有内容我们的网站,超链接网站,相关应用程序,论坛,博客,社交媒体帐户和其他平台(“网站”)仅供您提供一般信息,从第三方采购。 我们不对与我们的内容有任何形式的保证,包括但不限于准确性和更新性。 我们提供的内容中没有任何内容构成财务建议,法律建议或任何其他形式的建议,以满足您对任何目的的特定依赖。 任何使用或依赖我们的内容完全由您自行承担风险和自由裁量权。 在依赖它们之前,您应该进行自己的研究,审查,分析和验证我们的内容。 交易是一项高风险的活动,可能导致重大损失,因此请在做出任何决定之前咨询您的财务顾问。 我们网站上的任何内容均不构成招揽或要约