- XRP’s active addresses peaked at 626,854 on March 19, signaling renewed investor interest and driving the price to $2.55.
- A descending wedge breakout hints at bullish momentum, with $2.50 as key resistance and potential targets above $3.00.
- Rising volume near the breakout confirms strong buying pressure, suggesting a possible trend reversal for XRP.
XRP’s network activity has increased, according to analyst Ali, with 626,854 active addresses on March 19, the most since April 2023. Renewed investor interest was reflected in the price’s simultaneous rise to $2.55. This rise came after an unstable time when there was a range of 200,000 to 500,000 active addresses for XRP.
XRP Active Addresses and Price Movement
Active addresses reached over 500,000 in mid-February, but by February 25 they had fallen below 200,000 as shown by the data. As a result, the price of XRP dropped from $2.80 to about $2.30. Activity Increased above 600,000 on March 1st, driving the price up to $2.75.
However, both metrics saw fluctuations, with active addresses falling below 200,000 on March 9. The price followed, hitting a low of $2.10 on March 11. By March 13, a recovery phase began, with active addresses exceeding 500,000 multiple times.
By March 17, XRP traded above $2.30 as activity remained strong. On March 19, the number of active addresses peaked again at 626,854, while the price reached $2.55. This uptick signals renewed network engagement and potential investor accumulation.
XRP Breaks Out of Descending Wedge Pattern
Analyst Steph shows a descending wedge pattern forming since early 2025. XRP’s price consolidated within two converging trendlines, establishing lower highs and lower lows. A breakout above resistance recently occurred, marked by a green circle. This move indicates potential bullish momentum, with resistance near $2.50 serving as a key level.
XRP previously peaked in December before declining into the wedge pattern. The downtrend persisted with repeated rejections at resistance. However, market volatility remained high, as seen in sharp wicks on multiple candlesticks. The wedge’s narrowing reduced volatility, setting the stage for a breakout.
Volume increased near the breakout point, confirming strong buying pressure. The breakout movement suggests a possible trend reversal. If bullish momentum continues, XRP could target levels above $3.00. A decisive move beyond resistance would further validate an upward trend.
