As XRP approaches a $3 retest, 6,939 XRP addresses created per day

XRP recently reached its highest level in four months, reaching $2.96 in a four-day surge that began at a low of $2.248 on July 8th.

According to Santiment, XRP's bullish breakouts did not occur on their own. This coincided with a significant increase in network growth (created by new wallets) and an increase in retail interest across social media.

Santiment reported that 6,939 new XRP wallets have been created in one day, the highest day since March 1st. This surge in new wallet creations shows a fresh inflow of capital and an increase in participation from new users.

XRP also sees a noticeable increase in social media talk. Over 5.5% of all inter-platform crypto-related discussions are currently centered around XRP. This is the best since March 18th. This surge in chatter suggests retailers are turning their attention to XRP again.

3 dollars retest arrived

XRP has steadily increased since June 22nd after it was discovered to be a low price of $1.9. The surge continued, surpassing the daily SMA 50 and 200 at $2.24 and $2.36, accelerating on July 8th.

On July 11th, XRP prices rose to $2.96 before being rejected, but the current recovery shows new strength.

At the time of writing, XRP had risen 6.81% to $2.8 over the past 24 hours, with an intraday high of $2.848. Volumes increased by 103%, up $16.23 billion, according to CoinmarketCap data.

The combination of wallet creation and volume spikes, and increased retail sentiment suggests that XRP will be heated rapidly and the much-anticipated $3 retest could be on the horizon.

A confirmed breakout of over $2.96 could mark the beginning of a fresh bullish leg, with traders already focusing on $3.40 and $5 in the long run.