Ripple’s native XRP token has staged a strong rebound, gaining 33.58% over the past 30 days. Much of that move has been tied to increased activity on the XRP Ledger, which recently recorded a quarterly high in active crypto wallet addresses.

The development came as Tyler Winklevoss, co-founder of Gemini, said the exchange’s customers in Singapore can now deposit and withdraw XRP directly on the native XRP Ledger. The change allows a more seamless process between self-custodial wallets and client balances on the platform.

Big news for the Ripple Army in Asia. @Gemini users in Singapore 🇸🇬 can now deposit and withdraw XRP over the XRPL network. — Tyler Winklevoss (@tyler) August 24, 2026

Big news for the Ripple Army in Asia. @Gemini users in Singapore 🇸🇬 can now deposit and withdraw XRP over the XRPL network.

XRP Faces Another Potential Price Swing

Santiment blockchain data showed daily active addresses climbing from 47,180 to 356,070 in just a couple of days. That kind of jump can matter because it shows a sudden rise in network participation, which traders often watch alongside price action when gauging whether a move is broadening beyond a narrow group of wallets. According to Ali Martinez, such a sharp increase in on-chain activity often points to significant price volatility ahead as market participants position for a larger move.

Another factor pointing to possible volatility is the Bollinger BandWidth. Following last week’s spike, those price-sensitivity bands have formed a setup similar to the one seen during the early 2025 rally. In that earlier move, XRP first advanced to $2.69 before extending above $3.29.

$XRP NETWORK ACTIVITY EXPLODED! Active addresses have surged 654.71%, jumping from 47,180 to 356,070. That kind of spike typically signals a sharp increase in network participation and is often accompanied by higher price volatility. pic.twitter.com/1eJA319sJk — Ali Charts (@alicharts) August 24, 2026

$XRP NETWORK ACTIVITY EXPLODED! Active addresses have surged 654.71%, jumping from 47,180 to 356,070. That kind of spike typically signals a sharp increase in network participation and is often accompanied by higher price volatility. pic.twitter.com/1eJA319sJk

With XRP trading well above the green-label SuperTrend level, the pattern resembling the 2025 rally would need to hold the $1.55 resistance area to remain in place. If XRP falls below $1.24, the setup would shift back in favor of bears within a historically sensitive demand zone, where short sellers could push the token toward $1.14.

At the same time, growing trading volumes on the asset are typically associated with a lower chance of a bull trap. In crypto, a bull trap occurs when an asset retreats back to its pre-breakout level after a move higher. For XRP, that risk would be reduced if the token stays above the red-label BOLL band at $1.55.