diff --git a/enrichments/trace/internal/elastic/span.go b/enrichments/trace/internal/elastic/span.go
index 28068fa..459a574 100644
--- a/enrichments/trace/internal/elastic/span.go
+++ b/enrichments/trace/internal/elastic/span.go
@@ -56,6 +56,7 @@ type spanEnrichmentContext struct {
 	urlFull *url.URL
 
 	peerService              string
+	serverAddress            string
 	urlScheme                string
 	urlDomain                string
 	urlPath                  string
@@ -68,6 +69,7 @@ type spanEnrichmentContext struct {
 	messagingSystem          string
 	messagingDestinationName string
 
+	serverPort     int64
 	urlPort        int64
 	httpStatusCode int64
 
@@ -91,6 +93,24 @@ func (s *spanEnrichmentContext) Enrich(span ptrace.Span, cfg config.Config) {
 		switch k {
 		case semconv.AttributePeerService:
 			s.peerService = v.Str()
+		case semconv.AttributeServerAddress:
+			s.serverAddress = v.Str()
+		case semconv.AttributeServerPort:
+			s.serverPort = v.Int()
+		case semconv.AttributeNetPeerName:
+			if s.serverAddress == "" {
+				// net.peer.name is deprecated, so has lower priority
+				// only set when not already set with server.address
+				// and allowed to be overridden by server.address.
+				s.serverAddress = v.Str()
+			}
+		case semconv.AttributeNetPeerPort:
+			if s.serverPort == 0 {
+				// net.peer.port is deprecated, so has lower priority
+				// only set when not already set with server.port and
+				// allowed to be overridden by server.port.
+				s.serverPort = v.Int()
+			}
 		case semconv.AttributeMessagingDestinationName:
 			s.isMessaging = true
 			s.messagingDestinationName = v.Str()
@@ -385,7 +405,10 @@ func (s *spanEnrichmentContext) setServiceTarget(span ptrace.Span) {
 		}
 	case s.isHTTP:
 		targetType = "http"
-		if resource := getHostPort(s.urlFull, s.urlDomain, s.urlPort); resource != "" {
+		if resource := getHostPort(
+			s.urlFull, s.urlDomain, s.urlPort,
+			s.serverAddress, s.serverPort, // fallback
+		); resource != "" {
 			targetName = resource
 		}
 	}
@@ -419,7 +442,10 @@ func (s *spanEnrichmentContext) setDestinationService(span ptrace.Span) {
 		}
 	case s.isRPC, s.isHTTP:
 		if destnResource == "" {
-			if res := getHostPort(s.urlFull, s.urlDomain, s.urlPort); res != "" {
+			if res := getHostPort(
+				s.urlFull, s.urlDomain, s.urlPort,
+				s.serverAddress, s.serverPort, // fallback
+			); res != "" {
 				destnResource = res
 			}
 		}
@@ -585,18 +611,23 @@ func getValueForKeyInString(str string, key string, separator rune, assignChar r
 	return ""
 }
 
-// getHostPort derives the host:port value from url.* attributes. Unlike
-// apm-data, the current code does NOT fallback to net.* or http.*
-// attributes as most of these are now deprecated.
-func getHostPort(urlFull *url.URL, urlDomain string, urlPort int64) string {
-	if urlFull != nil {
+func getHostPort(
+	urlFull *url.URL, urlDomain string, urlPort int64,
+	fallbackServerAddress string, fallbackServerPort int64,
+) string {
+	switch {
+	case urlFull != nil:
 		return urlFull.Host
-	}
-	if urlDomain != "" {
+	case urlDomain != "":
 		if urlPort == 0 {
 			return urlDomain
 		}
 		return net.JoinHostPort(urlDomain, strconv.FormatInt(urlPort, 10))
+	case fallbackServerAddress != "":
+		if fallbackServerPort == 0 {
+			return fallbackServerAddress
+		}
+		return net.JoinHostPort(fallbackServerAddress, strconv.FormatInt(fallbackServerPort, 10))
 	}
 	return ""
 }
diff --git a/enrichments/trace/internal/elastic/span_test.go b/enrichments/trace/internal/elastic/span_test.go
index 295ceb1..9febadf 100644
--- a/enrichments/trace/internal/elastic/span_test.go
+++ b/enrichments/trace/internal/elastic/span_test.go
@@ -632,6 +632,58 @@ func TestElasticSpanEnrich(t *testing.T) {
 				AttributeSpanDestinationServiceResource: "testsvc",
 			},
 		},
+		{
+			name: "rpc_span_service.{address, port}",
+			input: func() ptrace.Span {
+				span := getElasticSpan()
+				span.SetName("testspan")
+				// No peer.service is set
+				span.Attributes().PutStr(semconv.AttributeRPCService, "service.Test")
+				span.Attributes().PutStr(semconv.AttributeServerAddress, "10.2.20.18")
+				span.Attributes().PutInt(semconv.AttributeServerPort, 8081)
+				return span
+			}(),
+			config: config.Enabled().Span,
+			enrichedAttrs: map[string]any{
+				AttributeTimestampUs:                    startTs.AsTime().UnixMicro(),
+				AttributeSpanName:                       "testspan",
+				AttributeProcessorEvent:                 "span",
+				AttributeSpanRepresentativeCount:        float64(1),
+				AttributeSpanType:                       "external",
+				AttributeSpanDurationUs:                 expectedDuration.Microseconds(),
+				AttributeEventOutcome:                   "success",
+				AttributeSuccessCount:                   int64(1),
+				AttributeServiceTargetType:              "external",
+				AttributeServiceTargetName:              "service.Test",
+				AttributeSpanDestinationServiceResource: "10.2.20.18:8081",
+			},
+		},
+		{
+			name: "rpc_span_net.peer.{address, port}_fallback",
+			input: func() ptrace.Span {
+				span := getElasticSpan()
+				span.SetName("testspan")
+				// No peer.service is set
+				span.Attributes().PutStr(semconv.AttributeRPCService, "service.Test")
+				span.Attributes().PutStr(semconv.AttributeNetPeerName, "10.2.20.18")
+				span.Attributes().PutInt(semconv.AttributeNetPeerPort, 8081)
+				return span
+			}(),
+			config: config.Enabled().Span,
+			enrichedAttrs: map[string]any{
+				AttributeTimestampUs:                    startTs.AsTime().UnixMicro(),
+				AttributeSpanName:                       "testspan",
+				AttributeProcessorEvent:                 "span",
+				AttributeSpanRepresentativeCount:        float64(1),
+				AttributeSpanType:                       "external",
+				AttributeSpanDurationUs:                 expectedDuration.Microseconds(),
+				AttributeEventOutcome:                   "success",
+				AttributeSuccessCount:                   int64(1),
+				AttributeServiceTargetType:              "external",
+				AttributeServiceTargetName:              "service.Test",
+				AttributeSpanDestinationServiceResource: "10.2.20.18:8081",
+			},
+		},
 		{
 			name: "messaging_basic",
 			input: func() ptrace.Span {