XRP has surged over 8% in the past week, breaking above the key $1.5 level to reach over $1.6 briefly. Analysts point to a technical breakout pattern with a potential target of $1.85. The rally coincides with record network activity on the XRP Ledger, including over 7.7 million non-empty wallets. Separately, PlayNance has launched staking for its upcoming GCoin token, with over 250 million tokens locked shortly after the feature became available.
XRP’s price increased by more than 8% over the past week, pushing above the pivotal $1.5 level. It briefly reached above $1.6 before experiencing a slight decline over the past few hours. Analyst Ali Martinez commented on the increase, stating that “XRP is breaking out of this triangle!”
Martinez suggested the next upward target is $1.85, which would represent an increase of about 23% from current levels. He previously noted that Bollinger Bands on XRP’s chart had been squeezing, indicating a higher chance of a breakout move. This latest surge comes alongside solid fundamentals for the network.
Network activity on the XRP Ledger (XRPL) is soaring, reaching a record high of more than 7.7 million non-empty wallets. Data from Santiment shows the number of active addresses on XRPL reached 46,767, representing a five-week high. In a separate development, PlayNance announced that GCoin staking is now live on its flagship social gaming platform, PlayW3.
The staking mechanism is designed to strengthen long-term participation in the platform’s Web3 entertainment economy. The community locked over 250 million tokens within just a few hours of the capability being live. Users can stake GCOIN with a minimum threshold of 1,000 coins in pools with lockup durations of 6, 9, 12, and 18 months.
The token generation event for GCoin is taking place in less than 14 hours. Over 13 billion tokens have already been sold, with the current price set at $0.00161. That price is designed to progressively increase, encouraging early participation according to the official page.
