📊 ON-CHAIN SNAPSHOT: XRP ACTIVITY
What’s happening
Large transactions reached a multi-month high
Active addresses are at elevated levels
Selling pressure appears to be absorbed by larger holders
🔍 Key Observations
Increased whale-sized transfers suggest accumulation
Liquidity previously clustered near the $2.00 area
Market structure stabilized after short-side crowding
🌐 Supporting Context
ETF-related inflows improved broader sentiment
On-ledger stablecoin activity continues to grow
🧭 Takeaway
On-chain data points to stronger participation and tighter liquidity. Whether this continues depends on sustained demand and broader market conditions.