XRP fell to $1.25 for the first time since September 16, following a decline from its peak of $1.66 less than a month ago, but a massive surge in XRP Ledger (XRPL) network activity suggests a potential market bottom.
XRPL On-Chain Volume Explodes Near Key Support
Data shared by analyst Ali Martinez from market intelligence platform Santiment revealed that transaction volume on the XRP Ledger skyrocketed to nearly $50 billion. This represents a dramatic increase from the sub-$1 billion figures recorded in the days preceding the weekend price dip.
According to Martinez, who previously noted how Bitcoin, Ethereum, and XRP face critical technical thresholds, this sudden spike in on-chain activity at a major support zone indicates that $1.25 could mark the bottom for the token. Following prior price action where the token rebounds from $1.25 support, Martinez projected that XRP could resume its August and September momentum to target $2.00.
Key Takeaways
- XRP hit a low of $1.25, dropping from its recent high of $1.66 reached less than a month ago.
- XRPL daily transaction volume exploded from under $1 billion to nearly $50 billion, according to Santiment data.
- Analyst Ali Martinez projects $1.25 as the local bottom with an initial recovery target of $2.00.
- Analyst EGRAG CRYPTO set a long-term cycle target between $7 and $9, referencing the 2025 all-time high of $3.65.
Market Shakeout and Macro Cycle Targets
Other market commentators view the recent volatility across cryptocurrency markets as a temporary leverage wipeout. Analyst Vincent Van Code described the market movement as a shakeout designed to remove weak hands, noting that forced liquidations of long positions created discount buying opportunities across Bitcoin, ETH, and major utility tokens before expected future highs.
Taking an even more bullish stance, analyst EGRAG CRYPTO updated his long-term price projections for the cross-border token. Looking past XRP's 2025 all-time high of $3.65, he outlined a macro cycle peak scenario ranging between $7 and $9.
Why It Matters
A fiftyfold expansion in transaction volume at a key support level often indicates heavy institutional re-accumulation rather than outright market surrender. If $1.25 holds as a structural floor, it suggests underlying network demand remains intact despite broader market headwinds. Market participants will now watch whether high XRPL transaction velocity converts into sustained spot market buying power.
