XRP is once again drawing attention as both market activity and investor participation rise. The token, currently trading around $1.50, has seen a modest 3% gain over the past 24 hours, briefly touching $1.60 before facing resistance. While the rally has slowed, underlying data suggests that momentum could build if key levels are reclaimed.
Network Growth Signals Rising Interest
Recent on-chain data highlights a steady increase in usage across the XRP Ledger. According to analytics firm Santiment, the number of non-empty wallets has reached an all-time high of 7.7 million. This marks the first time in the network’s 13-year history that it has crossed this milestone.
At the same time, daily active addresses climbed to 46,767, a five-week high. This surge in activity coincided with XRP’s recent price push toward $1.60, suggesting that user engagement is playing a role in supporting price action.
The data points to a broader trend where participation continues to grow even during uncertain market phases. Many investors appear to be using price dips as an opportunity to accumulate.
Long-Term Holders Step In
Beyond general activity, long-term investors have been increasing their exposure. A notable spike in accumulation was recorded on March 1, when over 351 million XRP were added in a single day. This marked the strongest one-day accumulation in a month.
Metrics tracking 30-day supply shifts among long-term holders show consistent positive movement, indicating net accumulation rather than distribution. This behavior often reflects growing confidence among seasoned investors.
Large holders, commonly referred to as whales, have also shifted their stance. After several months of selling pressure, whale activity turned positive in March for the first time since late 2025. This change suggests that major players are beginning to re-enter the market.
Supply Tightening on Exchanges
Another factor supporting XRP’s outlook is the declining supply on exchanges. Available balances have dropped to levels last seen in May 2021. Typically, lower exchange supply reduces immediate selling pressure, which can help prices move upward if demand remains steady.
Combined with rising accumulation and network usage, this trend strengthens the case for a potential breakout, provided resistance levels are cleared.
The $1.60 Level Remains Crucial
Despite the improving fundamentals, XRP continues to face strong resistance between $1.50 and $1.60. This range has capped price movement for more than six weeks.
Market analysts point out that a sustained move above $1.60 is essential. If XRP manages to flip this level into support, it could open the door for a rally toward $2.00 in the near term.
Historically, reclaiming similar levels has triggered sharp upward moves. In December 2024, XRP surged nearly 90% within a week after breaking past a key resistance. A similar pattern was seen in April 2025, when the token climbed over 60% after establishing support above this range.
What Lies Ahead for XRP
Technical indicators suggest that a breakout above $1.60 could clear the path toward higher targets, with some analysts pointing to $1.95 as the next major resistance. Beyond that, chart patterns indicate the possibility of a move toward $2.55 if bullish momentum strengthens.
However, failure to break through the current resistance zone may result in continued consolidation. The coming days will be critical as traders watch whether XRP can maintain its upward pressure and convert resistance into support.
For now, the combination of rising network activity, growing holder count, and renewed whale interest provides a supportive backdrop. Whether that translates into a sustained price rally depends largely on XRP’s ability to overcome the $1.60 barrier.
