XRP’s Explosive Growth Signals Strategic Accumulation: Is a Bull Run Coming?

XRP has experienced a dramatic surge in activity, with daily active addresses skyrocketing by over 1,609% to surpass 547,000 in just 24 hours. This spike mirrors patterns from the 2017 bull run, leading analysts to believe this is a sign of strong accumulation before a potential breakout. XRP currently holds firm above $2.00, breaking free from its long-term downtrend and flipping resistance into support. This move has fueled speculation that institutions are accumulating ahead of a major market surge. 85% likelihood of SEC approval for a spot XRP ETF by October 17th adds to the positive sentiment.