XRP has experienced a notable rise, briefly hitting a four-week high of $1.60 before settling around $1.50 to $1.52. Despite the price pullback, strong undercurrents within its on-chain data suggest an optimistic outlook for the digital asset.
The XRP Ledger has achieved a significant milestone, boasting 7.7 million non-empty wallet addresses, an all-time high in the network’s 13-year history, according to data from Santiment. In addition, the daily active addresses surged to a five-week peak of 46,767, coinciding with recent price movements towards $1.60.
Notably, the number of mid to large stakeholders has reached an all-time high of approximately 317,500 wallets holding at least 10,000 $XRP. This uptick in wallet counts demonstrates increasing confidence among investors, even amidst the broader market fluctuations.
In a promising sign for bulls, whale activity has shifted to positive territory in March for the first time since November 2025, following four months of consistent net selling. Data from CryptoQuant reveals that on March 1, long-term investors accumulated over 351 million XRP, marking the most substantial single-day buying since early February.
The drop in XRP balances held on exchanges further indicates less selling pressure, falling to levels comparable to May 2021—another sign of bullish momentum as more investors appear to be holding onto their assets.
Market analysts are closely watching XRP’s price action, as the cryptocurrency has been trading within the $1.50 to $1.60 range for over six weeks. The consensus among market observers is that a confirmed breakout above $1.60 could lead the asset towards the $1.95 to $2.55 target range. Notably, resistance levels appear limited until $1.95.
Analyst CW8900 highlighted the $1.50 to $1.52 zone as a significant “sell wall,” suggesting that surpassing this threshold may expose XRP to potential gains. If XRP can maintain above $1.51, analysts project a possible rally towards the $2.00 mark.
Despite the optimistic outlook, there are cautionary signals. The bull-bear power indicator is currently in sell territory on Investing.com, and rising trading volume hints at a potential short-term slowdown in the price action. It is worth considering that the last time XRP reclaimed the $1.50 to $1.60 zone was in December 2024, leading to an explosive 90% rally within a week.
As market sentiment shifts and whale accumulation returns, XRP remains a cryptocurrency to watch closely. Investors are encouraged to keep an eye on the key support levels of $1.47 and $1.45; a deeper pullback could bring the $1.40 mark back into play. In this dynamic landscape, XRP’s ability to break free from current resistances will be crucial in determining its next price trajectory.
