XRP Futures Trading Volume Surges to $21.62 Billion, Signaling Increased Investor Confidence

XRP experienced a nearly 14% upswing, recovering above $2 after trading below this mark for three days. On-chain data reported by Ali Martinez shows that on the X platform, XRP's futures trading volume surged to $21.62 billion, reaching a new monthly high. This increase in derivative activity indicates growing investor confidence. Additionally, wallet addresses holding at least 1 XRP have reached a new all-time high of 6.26 million, despite recent volatility. Key support levels are identified at $1.67 and $1.39, while resistance levels are at $2.04 and $2.38, where 1.76% and 3.36% of XRP supply were accumulated, respectively.