- XRP saw a spike in active addresses and network growth after price moved above $1.54.
- Analysts highlighted a possible long-term cup-and-handle pattern with upside Fibonacci targets.
- Price remains in consolidation between key support near $1.35 and resistance around $1.98–$2.00.
XRP recorded a sharp rise in on-chain activity after the price moved above $1.54 for the first time in two months, according to Santiment. The shift came alongside increased trading behavior across the XRP Ledger during early 2026 market movement. Notably, network metrics showed increased engagement as price volatility returned across key support zones.
Santiment Reports Surge In Network Activity
Santiment reported XRP reached its highest on-chain activity since March. The network recorded 48,453 active addresses, marking the highest level since March 30.
Additionally, network growth reached 3,317, the strongest figure since March 19. According to Santiment, the increase aligned with a price-driven spike, with general FOMO contributing to higher transaction levels.
However, the data also indicated that higher network usage often aligns with stronger long-term price justification. Santiment noted that increased adoption can support future valuation strength through sustained activity levels.
Analysts Highlight Structural Price Patterns
Analyst ChartNerd provided a long-term technical view of XRP’s price structure. He described a possible multi-year cup and handle formation developing under extended resistance levels spanning several years.
He noted the cup structure appears completed, while the handle may still be forming near recent price action. The analysis pointed to repeated retests over six years, including behavior similar to the 2017 cycle low.
ChartNerd also referenced a potential 0.5 Fibonacci level near $0.89 as a structural support area. He added that future Fibonacci extensions could extend beyond $8 under broader cycle continuation scenarios.
Price Action Shows Consolidation And Recovery Signals
XRP traded above $2.10 earlier in the cycle before reaching a peak near $2.40 in January 2026. However, a sharp decline followed, pushing the price toward the $1.20–$1.30 range during early February.
Following the drop, XRP entered consolidation between $1.30 and $1.50. The MA50 flattened and began turning upward, while the MA200 stabilized near $1.98. Currently, XRP trades near $1.40–$1.41.
It remains above MA50 but below MA200.Notably, total XRP holders increased from 7.2 million to 7.84 million wallets. Key support sits near $1.35 and $1.20, while resistance stands at $1.50 and the MA200 zone near $1.98–$2.00.
