- XRP active addresses surged 654.71% from 47,180 to 356,070, signaling a sharp increase in network participation.
- Egrag Crypto identified 53 as a key RSI level, with a sustained move above it potentially supporting further momentum.
- XRP’s MACD histogram is shrinking, indicating weakening bearish momentum and a possible bullish crossover ahead.
XRP network activity has surged as active addresses jumped 654.71%, according to analyst Ali Charts. The number of active addresses rose from 47,180 to 356,070, while analysts Egrag Crypto tracked improving momentum through RSI and MACD readings. The indicators now show stronger network participation and weakening bearish momentum across XRP’s broader setup.
XRP Active Addresses Surge Sharply
Ali Charts reported the rise in XRP active addresses alongside increased network participation. The count climbed by 308,890 addresses from the earlier 47,180 reading. According to Ali Charts, such a sharp increase can accompany higher price volatility.
The data therefore adds a separate measure of activity alongside XRP’s technical indicators. Meanwhile, Egrag Crypto focused on XRP’s Relative Strength Index, or RSI. The indicator measures the speed and strength of price movements on a scale from zero to 100.
On macro charts, Egrag considers readings below 50 bearish and levels above 50 bullish. He identified 53 as the key continuation threshold for the current setup.
Egrag Tracks XRP RSI Above 53
Egrag said XRP’s RSI rebound from 47 to 50 exceeded his earlier expectations. The RSI has now pushed through the previous bull-market level. He identified 47 as the previous cycle’s bottoming area and 53 as the next key support level.
According to his setup, holding above 53 could keep momentum expansion active. The next RSI levels he highlighted are 60, 70 and 80. However, Egrag said previous cycles often experienced major retests before larger breakouts.
Therefore, he expects a later retest to remain possible even with stronger momentum currently developing.
MACD Shows Bearish Momentum Losing Strength
Egrag also identified changes in XRP’s MACD readings. The negative histogram bars have started shrinking, showing that bearish momentum is losing strength. The MACD tracks trend momentum, while its signal line helps confirm crossovers.
The histogram measures the distance between those lines and can show momentum changes earlier. Egrag is watching for smaller negative bars, movement toward zero and an upward MACD turn.
A bullish cross would provide the next confirmation. For now, he said bearish momentum is decelerating while bullish momentum builds. The potential cross remains the next technical event.
