- XRP’s price broke out of a falling wedge, signalling bullish continuation.
- Uphold plans for FXRP staking through Flare, raising utility and attention.
XRP network activity has surged, crossing 1.12 million active addresses on June 9, 2025. Glassnode data confirmed that XRP recorded 1,121,599 active addresses on June 9. This level of engagement reflects a renewed uptick in on-chain utility.
Activity increased steadily through late April, peaked in early May, and dipped slightly before surging again in June. Analyst Ali Martinez posted a chart on social media illustrating the recent resurgence in wallet activity. The jump in address count suggests increasing participation in the XRP ecosystem.
Martinez pointed to user activity as a strong metric for network health. Rising engagement often precedes momentum in price, mainly when supported by consistent volume. XRP traded at $2.17 during this spike, a level not seen since the early May peak.
XRP Price Rebounds After Technical Breakout
Lingrid’s technical analysis shows that XRP has broken out of a falling wedge pattern, a bullish reversal indicator. The breakout followed a key rebound from the $2.10 support zone, marking a shift in market sentiment. XRP is now testing the $2.30 pivot level, with short-term targets set near $2.50.
Trendlines in Lingrid’s chart show clear zones of support and resistance. The price structure indicates growing buyer pressure. As of now, XRP has maintained higher support, which could allow continued gains if the momentum holds.
Analysts say a confirmed break above the $2.30 resistance could pave the way for further upside.
Uphold Considers XRP Staking via Flare Integration
Uphold CEO Simon McLoughlin has stated that XRP staking is “feasible and promising” despite XRP’s non-PoS design. In comments shared with The Block, McLoughlin acknowledged that native staking isn’t currently possible for XRP. However, he detailed a potential workaround using Flare Network’s DeFi infrastructure.
According to McLoughlin, users would lock XRP on Uphold and receive wrapped FXRP on Flare. These tokens would then generate yield through Flare’s liquidity pools.
He confirmed that Uphold is exploring a limited beta rollout of this feature. Regulatory caution remains a factor, as McLoughlin emphasized that any staking offering must avoid triggering U.S. securities violations.
Disclaimer: This article is for informational purposes only and does not constitute financial advice. CoinCryptoNewz is not responsible for any losses incurred. Readers should do their own research before making financial decisions.
