It is a cryptocurrency that allows you to buy and sell XRP.XRP( ) was trading at $1.50 Tuesday. This is a rise of 3% in just 24 hours, as the relief rally had stalled around $1.60. Growing network usage, and increased holder accumulation may provide the spark to finally see this price break through $1.50-$1.60.
The key takeaways
XRP Ledger wallets that are not empty have reached new heights
Santiment announced that the daily number of active addresses in XRP Ledger XRPL rose to a 5-week high 46,767. The increase of network activity also coincided with a rise of the price to a 4-week high $1.60.
The first time in history, the number of addresses that are not empty on XRPL reached 7,7 million.
“XRP Ledger now has more than 7.7M holders (non-empty wallets) for the first time in its 13+ year history,” Santiment said On Tuesday, a X posted.
This data, according to the onchain provider, shows that there is a network. “usage continues to grow,” Even during times of downturns in the market, investors may have been taking advantage to purchase XRP for a discounted price.
Long-term investors have been increasing their investments since 2004. US and Israel-Iran war began.
On March 1, the net change in XRP position of holders was at its highest since February 1. It reached 351 millions XRP.
The XRP Holder Net Position Change tracks the 30-day shift in supply among long-term investment, positive readings showing net accumulation.
Since the start of March, XRP Whales (entities holding large quantities of tokens) have purchased more.
In the chart below, XRP Whale Flow’s 30-day moving Average (30DMA), of which XRP is a part, has turned positive since November 20,25. Four months of constant selling have ended.
It is possible that XRP will continue to rise in price over the next weeks, if coupled with declining balances on exchangesThey have fallen to levels seen last in May 2021.
Price of XRP needs to turn $1.60 back into support
You can also download data from TradingView The chart shows XRP trying to break through the resistance of $1.50-$1.60 that has been limiting the price for more than six weeks.
Price of XRP “needs to move above the $1.51 resistance,” CryptoWZRD_ said In a recent X posting, add:
“Holding above that level would offer a quick rally towards the $2.0 resistance.”
Last time the pair of XRP/USD regained this level, it was December 2024. In less than one week, it rose 90%. It was the launchpad in April 2025 for a 64% price rise of XRP, as can be seen from the graph below.
Analyst CW8900 said The area between $1.50 and $1.52 is a large one “sell wall” Add XRP to your wallet by adding the following:
“If it breaks through this sell wall, there is no other resistance until $1.95.”
This level is in line with the target measured by a rounded chart bottom and the 200 day. simple moving average (SMA).
To validate the breakout, the bulls will need to raise the price of the pattern above its trendline at $1.60.
The following are some of the ways to get in touch with us. Cointelegraph reportedIf the trend line is decisively broken above $1.60 then the focus of the bulls would be on $2.55 as the target. This could end the downward trend.
The article is not intended to provide investment advice. Risk is inherent in every investment decision and trade. The reader should always do research prior to making their decisions. Cointelegraph, while striving to give accurate information and in a timely manner, does not guarantee accuracy, completeness or reliability. This article might contain risky and uncertain forward-looking statements. Cointelegraph is not responsible for loss or damages resulting from relying on the information.
“This article is not financial advice.”
“Always do your own research before making any type of investment.”
“ItsDailyCrypto is not responsible for any activities you perform outside ItsDailyCrypto.”
Source: cointelegraph.com
