Although the broader cryptocurrency market is currently recovering, $XRP is demonstrating exceptionally strong momentum. After touching a low point beneath $1.15 a little less than 18 hours ago, the asset ranked #4 by market cap has successfully rebounded to trade above $1.50.

Investors who sold during the volatility might have missed significant on-chain signals, as intense activity was visible on the XRP Ledger while speculators debated a potential fall below $1.00. Deep-pocketed investors clearly utilized the dip for accumulation. Data reveals there were 1,389 distinct whale transactions exceeding $100K in value, which is the highest volume of such activity observed in 4 months.

Additionally, network participation saw a dramatic spike. The number of unique addresses on the ledger reached 78,727 within a single 8-hour candle, setting a new high for the past 6 months. Collectively, these statistics act as reliable indicators of a price reversal for any financial asset.