XRP could be poised for a recovery after a sharp increase in network activity, even as the cryptocurrency continues to trade near the key $1 support level.
In this regard, XRP’s daily active addresses surged from about 23,000 on June 14 to nearly 39,500 by June 27, representing an increase of roughly 72% in just two weeks, according to Santiment data shared by crypto analyst Ali Martinez in an X post on June 28.
The surge points to growing on-chain activity even as XRP struggles to build price momentum. This divergence between rising network usage and weak price action has become a key focus for investors seeking an XRP price prediction.
Daily active addresses, which track unique wallets interacting with the network, have climbed sharply despite XRP trading around $1.05, well below levels seen earlier this year.
Historically, rising active addresses have often preceded stronger price performance, making the latest increase a positive signal for XRP.
The trend also coincides with continued institutional interest and accumulation by large holders during the recent market pullback.
Despite these bullish signals, XRP remains near a key support level as cautious market sentiment and persistent selling pressure continue to cap gains. As a result, the token has yet to fully reflect its improving on-chain fundamentals.
Overall, the jump in active addresses suggests XRP may be forming a base rather than entering a deeper downtrend.
Against this backdrop, Finbold turned to OpenAI’s ChatGPT to assess the asset’s short-term outlook.
ChatGPT’s XRP price prediction
ChatGPT noted that if network activity continues to increase and XRP holds above the $1 support level, the token could rally toward the $1.20 to $1.35 range in the coming weeks. A breakout above that zone could pave the way for a move toward $1.50.
The AI’s bullish outlook is based on the sharp rise in active addresses despite weak price action, a divergence that often points to strengthening underlying demand.
However, ChatGPT warned that a break below $1 would undermine this thesis and could trigger further downside before any meaningful recovery emerges.
XRP price analysis
At press time, XRP was trading at $1.05, up about 0.5% over the past 24 hours but down more than 7% on the weekly chart.
From a technical perspective, XRP remains below its 50-day simple moving average (SMA) of $1.25 and 200-day SMA of $1.51, indicating the broader trend remains bearish.
However, its 14-day relative strength index (RSI) of 31.78 is nearing oversold territory, suggesting selling pressure may be easing.
Combined with the recent surge in active addresses, the setup could support a relief rally if XRP continues to hold above the crucial $1 level.
