$XRP is showing early recovery structure after a strong adjustment in February near 45%. Price action indicates strong demand near the $1.20 area, where buyers continuously engage to defend support. Volume remains high compared to pre-decline levels, suggesting ongoing market participation rather than waning interest.
On-chain activity and the increase in wallet numbers hint at a return of participation, while the accumulation trend of large investors indicates strategic positioning during weak times.
Technically, XRP is attempting to build higher lows - an important signal for trend stability. If the $1.20 support continues to hold and momentum crosses the nearby resistance areas, XRP may transition from recovery to expansion. Currently, monitor the structure, liquidity areas, and sustained volume as a confirmation before expecting any moves towards new highs.
