XRP is quietly building a strong foundation. The token trades at $1.50, up 3% in 24 hours, but the real story is happening on-chain. Network usage is rising. Holder addresses just hit a record high. Whales are buying again. The only thing missing? A clean break above the $1.60 resistance that has capped price for weeks .
Record Holder Growth Shows Strong Network Health
The XRP Ledger just crossed a major milestone. Non-empty wallets hit 7.7 million for the first time in the network’s 13-year history . Santiment called this a sign that “usage continues to grow” even during market downturns . Investors are using dips to accumulate XRP at a discount .
Daily active addresses also tell a bullish story. They climbed to a five-week high of 46,767 as price moved toward $1.60 . That’s real usage, not just speculation.
Whales Are Back to Accumulating
After months of selling, whales have flipped back to buying. The Whale Flow 30-day moving average turned positive in March for the first time since November 2025 . That ends a four-month stretch of persistent distribution .
The holder net position change showed its strongest single-day accumulation since Feb. 1, with over 351 million XRP added on March 1 . Long-term investors are loading up, even with the ongoing US-Iran conflict .
Exchange balances are dropping too. XRP on exchanges has fallen to levels last seen in May 2021 . That’s usually a sign that coins are moving to cold storage, not preparing for sale.
The $1.60 Wall and What Comes Next
Price has been stuck between $1.50 and $1.60 for over six weeks . Analyst CryptoWZRD_ says XRP “needs to move above the $1.51 resistance.” Holding above that could trigger a quick rally toward $2.00 .
CW8900 points to a big “sell wall” between $1.50 and $1.52. If bulls push through that, “there is no other resistance until $1.95” . That level also lines up with a rounded bottom pattern and the 200-day moving average .
A falling wedge pattern on the daily chart points to a measured target near $2.55 if price breaks above the upper trend line at $1.60 . That would end the downtrend that started in January.
My Thoughts
This XRP price analysis shows a market that looks ready to move. Record holders, rising usage, whale accumulation, and falling exchange supply. That’s a strong mix .
The missing piece is the breakout itself. The $1.60 level has acted as a magnet for weeks. Every test gets rejected. But each test also builds pressure. When it finally breaks, the move could be quick.
The rounded bottom target near $2.00 feels realistic. The falling wedge target near $2.55 is more ambitious but possible if Bitcoin stays strong . Either way, the foundation is there. Now it’s up to the bulls to deliver.
