Date: Wed, March 05, 2025 | 02:28 AM GMTThe cryptocurrency market is showing signs of recovery after experiencing one of the sharpest sell-offs on Monday and Tuesday. The recent <a href="https://coinsprobe.com/ada-and-xrp-wipe-out-crypto-reserve-gains-is-more-consolidation-before-an-uptrend/" rel="noopener noreferrer nofollow">downturn </a>was largely driven by U.S. President Donald Trump’s tariff-related policies, which triggered panic selling across major assets, including Bitcoin (BTC) and XRP.However, a potential reversal is in play as market sentiment improves. The key catalyst behind today’s recovery is a <a href="https://x.com/WatcherGuru/status/1897037571894735155" rel="noopener noreferrer nofollow">statement </a>from the U.S. Secretary of Commerce, hinting that Trump may roll back tariffs on Canada and Mexico later today (Wednesday).This news has injected optimism into the market, pushing XRP’s price up by over 10%, from a 24-hour low of $2.27 to its current level of $2.51.<img src="https://academy-public.coinmarketcap.com/optimized-uploads/b6e389234c0c404eac488cec54bdc1bc.png" />Source: Coinmarketcap<h2 id="header-0">On-Chain Metrics Soar</h2>Despite the recent crash, XRP investors appear to be seizing the opportunity to accumulate at lower levels. According to crypto analyst Ali Martinez, on-chain data reveals that the number of active XRP addresses has surged by an astonishing 620% in the past week, jumping from 74,589 to 462,650.<img src="https://academy-public.coinmarketcap.com/optimized-uploads/d10d6a9522604bdfa825325a86017f8d.jpeg" />Source: <a href="https://x.com/ali_charts/status/1897091189125386302" rel="noopener noreferrer nofollow">&#64;ali_charts (X)</a>Such a massive spike in network activity often indicates growing investor interest and could be an early signal of a potential bullish reversal.<h2 id="header-1">Is a Bullish Recovery in Sight?</h2>The daily chart shows that XRP is testing a crucial resistance zone (highlighted in red) around $2.51 after rebounding from the 100-day Simple Moving Average (SMA), which has acted as a strong dynamic support. This level is a key inflection point—whether XRP breaks above it or gets rejected will determine the next major price movement.<img src="https://academy-public.coinmarketcap.com/optimized-uploads/fec1f4d04b754ffeb6be367d281ff45f.png" />XRP Daily Chart/Coinsprobe (Source: Tradingview)A successful breakout above this resistance zone, supported by strong trading volume, could fuel a rally toward the upper resistance of the ascending channel, targeting $3.50–$3.75. Such a move would confirm renewed bullish momentum and potentially mark the beginning of an extended uptrend.The MACD currently suggests that bearish pressure is still in play, but there are early signs of a possible crossover. If the MACD flips bullish, it could confirm a trend reversal, further strengthening the case for an upside breakout.For now, traders should closely monitor XRP’s daily close—a strong finish above $2.58 could signal the start of a bullish recovery, while another rejection might delay upside momentum.Disclaimer: This article is for informational purposes only and should not be considered financial advice. Always conduct your own research before investing in cryptocurrencies.

XRP On-Chain Metrics Soars – Is a Bullish Recovery in Sight?

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