Ripple’s XRP at $1.3: Is a 6.8X Rally Next as Ledger Transaction Volume Explodes to $49.7 Billion?

XRP bulls may have a reason to smile after a sharp surge in on-chain transaction volume coincided with a rebound near the $1.25 support level, according to market analyst Ali Martinez. Martinez noted that XRP transfers across the XRP Ledger surged to $49.70 billion as the top altcoin traded around $1.25. Interestingly, this spike in network activity came alongside a price recovery, raising questions about whether bulls were stepping in to defend a critical support zone, with XRP presently trading at $1.29 per CoinGecko data.