The XRP price is testing a critical long-term moving average zone, where a successful hold could confirm a broader bullish structure. This technical setup is supported by a surge in active receiving addresses and transaction rates, signaling accelerating network participation and potential long-term momentum.
At the time of writing, XRP is trading at $1.38 with a 24-hour trading volume of $1.38 million and a market capitalization of $87.14 billion. Despite the 2.79% loss in the last 24 hours, the XRP price structure and onchain activity point to a bullish reversal ahead.
Source: CoinMarketCap
Also Read: XRP Price Breakout Could Trigger Rally Toward $7 as ETF Inflows Rise
XRP Eyes $50 While 300W MA Becomes Key
According to the crypto analyst EGRAG CRYPTO, the XRP price is approaching a critical long-term technical zone as traders watch the rising 300-week moving average near $1.03.
A retest of the $1.00–$1.10 region would not necessarily signal weakness. Historically, reclaiming this indicator, followed by a retest and successful hold, has preceded renewed accumulation and broader upside expansion during major market cycles.
Source: EGRAG CRYPTO’s X Post
If the XRP price can stay above the 300-week MA, then the focus might turn to $1.65 and the resistance zone between $2.00 and $2.80.
Any breakout from this zone would further reinforce the bullish setup and may set up bigger price targets like $15, $27, and possibly even $50. However, regulations like the Clarity Act could create volatility; price setup will eventually decide on that fear factor.
XRP On-Chain Metrics Flash a Major Activity Breakout
The data from BankXRP further highlighted XRP is seeing an impressive rise in on-chain actions, whereby the number of receiving addresses is rising to as high as 926,320, marking an impressive rise from the levels depicted in the given chart.
Similarly, the transactions per second are also on the rise, and the two measures are indicative of an uptick in engagement.
Source: BankXRP’s X Post
The combination of increased addresses and transactions is perhaps a sign of revived interest from the XRP community, although it’s impossible to conclude what the catalyst behind such movements is and whether there would be a rise in price because of this. However, this trend will probably be watched for its sustainability by traders.
Despite the bullish price predictions and strong network growth, the XRP price is moving in a downward direction. This move is impacted by the cautious environment in the crypto market as Bitcoin is moving sideways after the recent surge.
What Happens Next?
The XRP traders are paying close attention to whether or not the 300-week moving average will be able to hold the support role, while at the same time the XRP price regains the $1.65 level.
An increase in both receiving addresses and transactions may provide a bullish trend for XRP. Otherwise, the trend will be stalled.
Also Read: XRP Price Eyes $1.65 Breakout as ETF Inflow Streak Hits Three Days
This article contains market analysis and price predictions. These are not guarantees. Crypto markets are volatile. Always DYOR. Not financial advice.
Be the first to comment