The post ‘Mysterious’ 300,000 XRP Users: Who Are They and Why Does XRP Ledger Look Unnatural appeared on BitcoinEthereumNews.com.
Unepxected surge of usercount Ledger tumbles down The XRP Ledger is displaying activity patterns that don’t seem natural, and traders became aware of this after an odd spike in payment accounts caused network activity to spike dramatically in a matter of days. According to data from XRP Ledger analytics, payments between accounts abruptly increased from about 700,000 daily interactions to well over a million. Unepxected surge of usercount The increase itself is not the only thing that raises suspicions about the move; the spike also appears to be clean and concentrated. After weeks of comparatively stable activity, it suddenly increased nearly in a straight line before stabilizing once more above the earlier range. That begs the obvious question: where did the additional 300,000 users come from? XRP/USDT by TradingView The spike in network activity is also n
The post Crypto markets predict XRP price for June 1, 2026 appeared on BitcoinEthereumNews.com.
Prediction market traders are signaling that XRP could remain under pressure as of June 1, 2026, with most activity centered around lower price targets. Notably, XRP has faced increased volatility in recent sessions, aligning with broader cryptocurrency market sentiment. By press time, XRP was trading at $1.36 after gaining more than 2% in the past 24 hours, while on the weekly timeframe, the asset has declined by over 4%. XRP one-week stock price chart. Source: Finbold Regarding the price outlook for June 1, the most heavily favored outcome on the Polymarket contract is XRP reaching $1.20 by June 1, with an implied probability of 12%, making it the leading prediction among listed targets. Meanwhile, traders assigned a 4% probability to XRP reaching $1.60, while the chances of the token climbing to $1.80 stood at just 1%. Higher bullish targets attracted almost no confidence from traders. P
Over the last week, the XRP market endured a dominantly bearish mood. During this time, the altcoin’s price declined by more than 5% amid general market struggles. A broader overview shows that XRP has remained range-bound between $1.29 and $1.55, with this range stretching back to February. However, recent technical developments on the daily chart pattern indicate an impending market sell-off to end this month-long consolidation and establish a deeper decline in this bear market. Related Reading: Analyst Highlights Ethereum ‘Kill Zone’ That Shows The Best Time To Buy XRP Break Below Symmetrical Triangle Tips Short-Term Loss In trading analysis, a symmetrical triangle is created when the price forms a series of lower highs (descending resistance line) and higher lows (ascending support line). These two trendlines converge, forming a triangle. This chart formation usually represents indecision and compression in the market, as buyers are stepping in earlier each time (higher lows) and s
Ethereum’s recent period of consolidation may be doing more than simply slowing price action. After a strong rally, ETH has entered a range-bound structure where buyers and sellers continue to battle for control, allowing the market to absorb gains and establish new support levels. Similar periods of consolidation have often preceded significant directional moves, particularly […]
