XRP has experienced relatively minimal gain among other prominent crypto assets raising concerns about growth potential.

Earlier this month, XRP experienced a 6% monthly price drop while its peers surged 5%+. Other top currencies (Bitcoin, Ethereum, and Solana) have gained at least 5% in the same period.

The SEC’s renewed case against Ripple has created uncertainty and not provided clear guidance on XRP’s status. This has been reflected in its price movement, making it stagnant and suppressed.

Despite regulatory challenges, investors’ interest in XRP remains strong, resulting in the rise of XRP’s on-chain activity. Santiment data reveals that the digital asset is experiencing multi-month highs in usage, reflecting revived investor traction.

XRP Ledger Seeks Major Growth

Santiment data revealed a resurgence of interest in XRP Ledger and experienced a significant spike in usage, with 35,799 active wallet addresses on Friday, making it a 3-month high.

The 80% surge in active addresses reveals significant network activity and user engagement on XRP Ledger, with transactions multiplying rapidly.

Alongside surging user presence, XRP experienced a notable spike as 3,858 new wallets were created, the highest in 7 months, pointing to growing adoption with 10 XRP reserves per wallet to ensure network security.

Analysts Predict Price Surge

Despite the lack of immediate price lag from the recent surge in on-chain activities, CoinMarketCap users expressed bullish sentiments, suggesting an impending price reversal.

Also, experts like Egrag are bullish on XRP’s potential forecasting an initial breakout to $1.4679, then a substantial surge to $7.5, indicating significant upside potential for the digital asset.

Additionally, analyst Bobby A predicts XRP to reach $4 or $6, citing the asset’s resilience following the SEC’s appeal notice. XRP’s stability above $0.51 supports his bullish outlook.

At the time of writing, XRP is trading at $0.5355, down 3% in 24 hours.