XRP active addresses surge 654% as Gemini expands Singapore operations

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Reviewed by
Ritika DScanX News Team
Key Highlights
  • Active XRP addresses surged 654.71% to 356,070 from 47,180
  • Gemini enables direct XRP deposits and withdrawals via XRPL in Singapore
  • Trader Altcoin Sherpa targets $2 for XRP following consolidation phase
  • XRP added as cross-collateral for derivatives trading on Gemini in July
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*this image is generated using AI for illustrative purposes only.

XRP network activity has intensified with active addresses rising 654.71% to 356,070 from 47,180. This surge coincides with Gemini expanding its XRP offerings in Singapore, allowing direct deposits and withdrawals over the XRP Ledger.

Network Activity Spikes

Crypto chart analyst Ali Martinez noted the sharp increase in active addresses on the XRP Ledger. He stated that such spikes typically signal stronger network participation and can coincide with increased price volatility.

Pseudonymous trader Altcoin Sherpa expects XRP’s ongoing consolidation to resolve higher. Sherpa described lower timeframes as choppy but characterized the broader consolidation as "good and healthy." The trader identified $2 as the target for XRP’s next move.

Gemini Warms Up To XRP

Gemini CEO Tyler Winklevoss announced expanded XRP functionality for users in Singapore on Monday. Local customers can now deposit and withdraw XRP directly over the XRP Ledger (XRPL). Gemini already offers Singapore customers access to more than 70 cryptocurrencies, with funding available in Singapore dollars.

In July, Gemini added XRP as cross-collateral for derivatives trading. This allows traders to use the token alongside Bitcoin, Ethereum, Tether, and Gemini Dollar. In late June, Gemini and Ripple launched an XRP edition of the Gemini Credit Card, enabling users to earn rewards in XRP.

What the Numbers Show

The 654.71% surge in active addresses represents a significant shift in network utilization, moving from a base of 47,180 to 356,070. This volume expansion aligns with Gemini’s structural enhancements to XRP utility in Singapore, suggesting that increased on-chain activity may be driven by broader institutional accessibility rather than speculative retail trading alone.

Will the surge in XRP network activity translate into sustained price momentum above the $2 target, or is this volatility likely to remain short-lived?

How might Gemini's expansion of XRP functionality in Singapore influence regulatory perceptions of stablecoin and utility token usage in other Asian markets?

Could the integration of XRP as cross-collateral for derivatives trading encourage other major exchanges to adopt similar institutional-grade features?

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XRP targets $2 recovery; Moonberg presale crosses $300,000 mark

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Reviewed by
Ritika DScanX News Team
Key Highlights
  • XRP targets $2 recovery after 52% weekly rally and $13.24m ETF inflows
  • Cumulative XRP ETF inflows reach ~$1.55 billion, strongest week since May
  • Moonberg $MBX presale surpasses $300,000 milestone in Stage 2
  • Analysts see $10 as long-term high case requiring exceptional conditions
  • Moonberg terminal tracks 76m tokens using 53.4b data points
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*this image is generated using AI for illustrative purposes only.

XRP is targeting a recovery to the $2 price level following a sharp 52% valuation jump over the past week. This technical rebound is supported by renewed institutional interest, with spot XRP exchange-traded funds recording $13.24 million in net inflows on August 20.

XRP Price Dynamics and Technical Outlook

The $2 mark remains a key psychological target. Analysis from Cryptoinsightuk suggests that buyers have repeatedly defended the $1.36 to $1.43 range following XRP’s move to $1.70. The trader noted that subsequent retests have held, potentially establishing a series of higher lows. However, he acknowledged that XRP could instead be forming a deeper ABC correction.

Continued strength in Bitcoin and Ethereum could provide enough market-wide momentum for XRP to resume its rally. Cryptoinsightuk warned that XRP’s ability to make rapid moves during periods of expanding crypto volatility should not be underestimated, pointing to 2017, 2021, and 2024 as examples of "extremely aggressive" price action.

Other analysts offer varied outlooks. 24/7 Wall St. suggests that a sustained move through the $1.65 to $1.70 resistance range could bring $2 into focus. Crypto.news places XRP in a potential end-of-year range between $1.48 and $2.10, with $1.75 as its base case.

Recent data indicates a shift in sentiment. While earlier reporting noted slowed inflows in early August, cumulative XRP ETF inflows are now placed at around $1.55 billion, marking the funds' strongest week since May. This divergence highlights that while ETF activity provides data points, it does not ensure sustained rallies without broader market support.

Metric Value/Range Source
Key Support Zone $1.36 - $1.43 Cryptoinsightuk
Key Resistance Level $1.65 - $1.70 24/7 Wall St.
End-of-Year Range $1.48 - $2.10 Crypto.news
Base Case Forecast $1.75 Crypto.news
Spot ETF Net Inflows (Aug 20) $13.24 million TradingView
Cumulative ETF Inflows ~$1.55 billion Market Reporting

Long-Term Price Predictions

A review of XRP forecasts notes that a $10 valuation would put XRP’s market capitalization near $650 billion. This aggressive scenario would require the token to approach or exceed Ethereum’s current market position under ideal conditions, including sustained ETF inflows and shrinking exchange balances. More measured forecasts from Coincub place the broad base-case range between $3 and $5, describing $5 to $10 as a bullish outcome dependent on continued adoption and stable regulation.

Moonberg Presale and Platform Utility

Moonberg’s presale for $MBX has now raised more than $300,000 as the project’s Stage 2 allocation continues to sell. The token is designed to power access to premium intelligence, AI-agent credits, compute resources, and lower platform fees within its live terminal.

The platform supports Solana and Ethereum traders with tools for research, on-chain intelligence, backtesting, and execution. It tracks more than 76 million tokens and utilizes over 53.4 billion data points across 130 proprietary metrics.

Performance Metrics

Moonberg’s Moonscope feed reports specific performance figures for its signals:

  • Win Rate: 75.6%
  • Average PnL: +276.4%
  • Time to All-Time High: 10 hours and 3 minutes
  • Total Signals Reported: 6,649

These are Moonberg-reported figures. Past performance does not guarantee future results. The AI Agent allows users to describe strategies in plain English, backtest them, and execute from their own wallets, retaining full control to stop the agent immediately.

What the Numbers Show

The contrast between XRP and Moonberg highlights two distinct market narratives. XRP’s movement is tied to established technical levels ($1.36–$1.43 support, $1.65–$1.70 resistance) and external institutional flows ($13.24 million daily inflow, $1.55 billion cumulative), making it dependent on broader crypto market momentum and major asset strength (Bitcoin/Ethereum). Conversely, Moonberg’s value proposition is anchored in product utility metrics (75.6% win rate, 53.4 billion data points) and presale traction ($300,000 raised), appealing to traders seeking autonomous tools rather than speculative asset appreciation alone.

How might a potential ABC correction in XRP impact the sustainability of recent spot ETF inflows if Bitcoin and Ethereum fail to provide broader market momentum?

What specific regulatory or adoption milestones would need to occur for XRP to realistically challenge Ethereum's market capitalization and reach the $10 valuation scenario?

Could the divergence between XRP's technical resistance levels and its cumulative ETF inflows indicate a decoupling from traditional crypto market cycles?

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