XRP Holders Reach 7.7M — Can Price Stay Above $1.50?

XRP traded around $1.50 on Tuesday, rising roughly 3% over 24 hours after a relief rally ran into resistance near $1.60. Increasing on-chain activity and renewed accumulation by holders and whales have traders watching whether XRP can clear and hold the $1.50–$1.60 zone to open the way for further gains. Key takeaways: – XRPL non-empty wallets hit a record 7.7 million; daily active addresses climbed to a five-week high of 46,767. – Glassnode and Santiment data point to growing usage and dip-buying by long-term holders. – Analysts say bulls must reclaim and flip $1.60 into support to fuel the next leg higher. Network activity and accumulation: Santiment reports more than 7.7 million non-empty XRPL wallets, the highest level in the ledger’s 13-plus year history, while daily active addresses reached a five-week peak. That persistent usage, even during pullbacks, suggests investors are accumulating on weakness. Glassnode showed a sharp spike in holder net position change on March 1, with over 351 million XRP added — the largest single-day accumulation since Feb. 1. This metric measures 30-day supply shifts among long-term holders; positive readings imply net accumulation. Whales have flipped to net buying as well. CryptoQuant’s Whale Flow 30-day moving average turned positive in March for the first time since November 2025, ending several months of net selling. Exchange balances have continued to fall, reaching lows not seen since May 2021, which reduces available sell-side supply and adds bullish pressure. Price action and technical levels: TradingView shows XRP attempting to pierce the $1.50–$1.60 range that capped price for more than six weeks. Analyst CryptoWZRD_ noted XRP needs to move above the $1.51 resistance, saying a sustained hold there could trigger a quick rally toward $2.00. Historically, retaking similar levels preceded sharp moves: December 2024 produced about a 90% jump in under a week after reclaiming comparable territory, and April 2025 acted as the launchpad for a roughly 64% rally. Analyst CW8900 described $1.50–$1.52 as a significant sell wall and suggested that a break would leave little resistance until roughly $1.95, aligning with a rounded-bottom measured move and the 200-day simple moving average. To validate a bullish breakout, bulls must push and keep price above the falling-wedge trend line near $1.60; a decisive break above that line could shift targets toward the mid-$2s, with some measured projections near $2.55. Conclusion and risk reminder: Strong on-chain metrics and renewed whale buying improve XRP’s bullish case, but price confirmation requires reclaiming $1.60 as support. This article is informational only and not investment advice; all trading involves risk, and readers should conduct their own research before making financial decisions.