XRP Price: XRP Just Had Its Best Week in Months - Here’s What the Data Shows

TLDR

• XRP rallied 44% over the past week, reaching above $1.50 before pulling back to around $1.44.
• Estimated leverage ratio on Binance hit its highest level since January at 0.21.
• XRP network active addresses surged 654%, jumping from 47,180 to 356,070.
• Options volume jumped nearly 299% to $36.70 million as traders positioned for volatility.
• Long positions outnumber shorts roughly 2-to-1 on Binance, with top traders running 3-to-1.

XRP has had one of its strongest weeks in months, rallying 44% before starting to give back some gains. The token was trading around $1.44 on Wednesday after briefly crossing above $1.50 earlier in the week.

The rally was part of a broader crypto market recovery. Bitcoin climbed from below $68,000 to nearly $80,000 after the U.S. Treasury expanded its bond-buyback program, pushing long-term yields lower. XRP outpaced bitcoin and most other major tokens during that move.

Ripple also made headlines of its own. The company backed a new institutional credit fund that plans to make loans in its RLUSD stablecoin through the XRP Ledger.

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