XRP Lags Behind Broader Market Recovery Amid Rising Network Activity

XRP's recovery has been slow, with the cryptocurrency trading around $1.37 as it lags behind the broader market. Despite this, network activity on the XRP Ledger has picked up, with a sustained uptick in speculative interest indicated by an increase in active addresses. This has led to mild ETF inflows, which could potentially bolster bullish sentiment.

The US-Iran peace deal is expected to have a positive impact on global markets, and optimism surrounding this development may be contributing to the slight rebound in XRP's price. However, the cryptocurrency still remains below its major moving averages, hinting at a bearish near-term bias.