The XRP Ledger experienced an unprecedented surge in transaction volume, reaching a staggering 647 million XRP on March 31st. This landmark figure signifies the highest recorded activity in recent weeks and raises questions about potential market movements, particularly given the asset’s current price trajectory. The resurgence follows a brief dip to $2.06 after encountering resistance near the $2 support level. Experts attribute this positive momentum to a rebound from the 200-day EMA, currently trading at approximately $2.18, representing a 1.39% increase in the last 24 hours. This comeback aligns with a long-term upward trendline, indicating sustained buyer activity. While the token remains within a descending triangle pattern, signaling potential resistance ahead, its price is breaking through critical resistance levels near the intersection of the 50-day, 100-day and 200-day EMAs. A decisive breakout above $2.30 could signify an end to the downtrend and potentially pave the way for further upward movement. The substantial surge in on-chain transactions suggests increased activity among large holders and institutional investors or internal transactions within the XRP Ledger. The exact cause of this rapid increase remains unclear, but its impact on price dynamics is undeniable.