XRP's price is reaching a crucial tipping point. The current chart structure suggests potential significant changes in price, while the number of active addresses is on the rise.
XRP Technical Structure
The daily XRP/USD chart shows a descending triangle forming over the past six weeks, with resistance near $2.48 and support around $2.02. A break above $2.48 could see a test at $2.65. However, with RSI hovering around 50, the strength remains uncertain. Historical precedents suggest 10-15% price movements often follow similar RSI flatlines.
Whale Market and Their Impact
One telling on-chain signal is the drop in whale transaction counts, both in the $100K+ and $1M+ brackets. The last 30 days have seen the quietest whale activity since January, indicating either stealth accumulation off-exchange or avoidance of new positions until a breakout is confirmed. Without major player participation, any breakout could struggle to maintain volume.
Growing Holder Base of XRP
The total number of XRP holders has steadily increased over the past five months, suggesting ongoing structural network adoption. However, a lack of movement from long-term holders indicates current activity may stem more from short-term speculation rather than sustained investment.
XRP's price stands at a critical juncture, where breaking above $2.48 may meet resistance, while a drop below $2.02 could trigger panic. Retail interest in XRP is rising, but without whale support, growth potential may be limited.
