XRP Builds Bullish Momentum with 3% Weekly Gain and 20% Transaction Surge
XRP advanced roughly 3% over the past week, reversing nine weeks of underperformance against Bitcoin by printing a weekly bullish engulfing candle, confirming a bullish RSI crossover and forming a Wyckoff re-accumulation pattern. Network transactions per ledger climbed about 20% and RippleX deployed a Token Escrow feature across all ledger assets, while exchange balances hit multi-year lows and ETF inflows remained stable.
1. Weekly Performance and Technical Setup
XRP gained roughly 3% over the past week, erasing nine weeks of relative weakness against Bitcoin by printing a weekly bullish engulfing candle, confirming a bullish RSI crossover and aligning with a Wyckoff re-accumulation pattern that often precedes expansion phases.
2. Network Activity and Liquidity Metrics
Data shows network transactions per ledger increased about 20%, exchange balances dropped to multi-year lows and ETF inflows held steady, suggesting reduced selling pressure and stronger on-chain utility supporting price stability.
3. Token Escrow Feature Launch
RippleX rolled out a Token Escrow function across all assets on the XRP Ledger, introducing conditional locking and transfer mechanisms designed to enhance secure on-chain settlement capabilities and broaden institutional use cases.