XRP (XRP) traded around $1.50 on Tuesday, up about 3% in 24 hours after a relief rally stalled at $1.60. Growing network usage and accumulation by holders and whales could help the token challenge the $1.50–$1.60 resistance.
Key takeaways:
– XRPL non-empty wallets reached a record 7.7 million while daily active addresses hit a five-week high of 46,767.
– Analysts say bulls must reclaim $1.60 as support to fuel further gains.
Network activity and accumulation
Santiment reported XRPL now has more than 7.7 million non-empty wallets, the highest in its 13+ year history, and daily active addresses climbed to a five-week high. The on-chain provider said usage is growing even during downturns, suggesting investors have been buying dips.
Glassnode data showed a sharp spike in holder net position change on March 1, exceeding 351 million XRP — the largest single-day accumulation since Feb. 1. This metric tracks 30-day supply shifts among long-term holders; positive readings indicate net accumulation.
Whales have also flipped to net buying. CryptoQuant’s Whale Flow 30-day moving average turned positive in March for the first time since November 2025, ending four months of selling. Declining exchange balances, down to levels last seen in May 2021, add to bullish supply-side pressure.
Price action and technical levels
TradingView data shows XRP attempting to breach the $1.50–$1.60 zone that capped price for over six weeks. Analyst CryptoWZRD_ said XRP “needs to move above the $1.51 resistance,” adding that holding above it “would offer a quick rally towards the $2.0 resistance.”
Historically, reclaiming this level preceded sharp rallies: December 2024 saw a ~90% move in under a week after reclaiming similar levels, and April 2025 acted as a launchpad for a 64% rally. Analyst CW8900 described $1.50–$1.52 as a significant “sell wall,” saying that if it breaks, “there is no other resistance until $1.95.” That target aligns with a rounded bottom measured move and the 200-day simple moving average.
To validate a bullish breakout, bulls need to push and hold price above the pattern trend line near $1.60. Cointelegraph noted that a decisive break above the upper trend line of a falling wedge at $1.60 would shift focus to a measured target near $2.55, potentially ending the downtrend.
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