XRP Breaks Out: 200% On-Chain Activity Signals Bullish Surge

XRP is experiencing a crucial price breakout, demonstrating strong bullish momentum. On-chain activity has skyrocketed, with over 824 million XRP exchanged between accounts on May 7th – a 200% jump compared to the typical monthly average. This surge in transaction volume coincides with a significant technical breakthrough. The asset recently cleared a long-standing descending triangle resistance on the daily chart, which had been hindering price growth since early Q1.