While most cryptocurrencies have been recovering after Memorial Day weekend, XRP has continued to gain in price and has seen a surge in address activity on its network. According to blockchain analytics firm Santiment, the XRP network has experienced its second and third-largest address activity spikes in history, which could indicate a major bullish rally for the XRP token. There has also been a mild decoupling between XRP and other altcoins, with a 4% difference emerging. XRP is currently trading at $0.5025, with a 4.62% increase in the last 24 hours and an 8.70% increase over the previous seven days.
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XRP Network Activity Hits Record-Breaking Levels; Mega Rally Ahead?
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Why is XRP price up today?
Key factors driving XRP's price upward today are hopes of spot XRP exchange-traded funds in the U.S. and increased accumulation by whales.
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