XRP Blasts Past $2.50 as Network Activity Explodes—$1.8B On-Chain Volume Sparks Rally

Ripple’s XRP just punched through the $2.50 resistance level—its highest price since the 2021 bull run—as on-chain volume hit a staggering $1.8 billion in 24 hours. Traders are piling in despite SEC litigation hanging over the asset like a stale regulatory fart.

Why the surge? Whale movements spiked overnight, with three separate 50M+ XRP transactions hitting the ledger. Meanwhile, derivatives open interest jumped 40% as leveraged traders bet this isn’t just another dead cat bounce.

The real kicker? This rally comes as Bitcoin dominance slips below 40%—altcoins are stealing the spotlight while Wall Street’s pet ETF plays catch-up. Just don’t tell the ’number go up’ crowd that 90% of this volume is likely wash-trading between the same five offshore exchanges.