TL;DR

• XRP surged to $1.44 with increased network activity signaling growing interest and potential for further gains.
• Analysts predict targets of $2 soon and over $4 by Christmas, driven by bullish momentum.

XRP’s Resurgence

Ripple’s native token has been flying high recently, with its price jumping to a three-year high of $1.60 on November 23. In the following days, it headed south alongside the broader market correction, but the past 24 hours have been more than successful.

Currently, XRP trades at around $1.44, representing a 10% daily increase. Its market capitalization is well above $80 billion, positioning the asset as the sixth-largest in the entire sector.

The revival coincides with some important XRP-related metrics that have been on the rise recently. For instance, the XRP payments from one account to another soared above 1.2 million on November 26 (marking an 85% increase on a 24-hour scale). The number of executed transactions on the XRP Ledger (XRPL) has also pumped substantially. 

This typically indicates increased activity and utilization of the network. It can also signal a growing interest in XRP, which could be followed by a further price rally of the underlying asset.