XRP Wallets Surge to Record Highs as Price Eyes $2.65 Target

XRP adoption hits unprecedented levels as wallet numbers break all-time records

The Network Expansion

Digital wallets holding XRP just smashed previous records—showing institutional and retail confidence isn't just holding, it's accelerating. While traditional finance debates interest rates, crypto investors are building the infrastructure for the next financial system.

The Price Trajectory

Market analysts project XRP could reach $2.65 as network growth fuels bullish sentiment. The correlation between wallet expansion and price appreciation has historically been strong in crypto markets—though past performance never guarantees future returns, as the SEC would be quick to remind everyone.

Market Dynamics

Active addresses and transaction volumes are painting a picture of a network hitting its stride. Unlike traditional stocks that move on earnings reports, crypto assets respond to network effects and adoption metrics—proving once again that in digital assets, utility trumps quarterly statements.

The Institutional Angle

While Wall Street still debates whether crypto is a legitimate asset class, the numbers don't lie: record wallet growth suggests smart money is positioning ahead of what could be a significant price move. Because nothing says 'I believe in the technology' like quietly accumulating during market uncertainty.

• The wallets with XRP containing over 10,000 tokens are at a new all-time high.
• The technical signs show that XRP is close to a breakout zone above the resistance level of $2.48.
• RSI and the MACD indicate that the bearish momentum is declining, which means that the reverse turn could happen soon.

XRP is once again in the focus of traders and analysts following new on-chain statistics indicating a massive rise in token accumulation. The most recent analysis implies a possible recovery to the $2.65 zone in the upcoming days.

Big Wallets Hit New All-Time Highs

Analytics company Santiment showed that the number of XRP wallets owning 10,000 or greater number of tokens has reached an all-time high of about 317, 500. The company observed that the number of these wallets has increased by 1.8% over the last 30 days.

On an X post, Santiment pointed out that the xrp price has recovered by 5.3% in 12 hours since the recent local bottom. There is also an increasing growth in the number of mid-and large-sized holders.

This growth in the number of these wallets indicates that high-value investors have continued to display long-term faith in the XRP ecosystem. In the past, the sharp rise in the wallet activity of big holders has been followed by price recovery in the short term. There’s also been a long-term change in price trends. These increased holder involvements show increased Optimism despite the drop in the value of the token to $3 earlier this month.

XRP Approaches Significant Resistance Test

Technically, XRP is trading at or NEAR $2.32, which is within the $2.32 to $2.33 range of its Volume Weighted Average Price (VWAP). The VWAP coinciding with the $2.32 zone indicates that XRP is solidifying after an intense sell-off.

The Fibonacci retracement analysis provides significant resistance and support levels, including $2.29 and $2.65. The 0.236 retracement is located approximately around the mark of $2.2,9, and it serves as a near-term support. The levels of 0.618 and 0.786 that represent $2.47 and $2.55, respectively, are important points of resistance.

Any strong action at the level of $2.47 may be a sign of renewed bullish movement on the level of $2.65. On the negative side, the inability to retain the $2.29 area WOULD subject XRP to a retest of the $2.18 area.

Fib. and VAWP. Source: TradingView

Bearish Momentum Approaches Depletion

The momentum indicators indicate that XRP has the potential to approach an exhaustion zone on the downside. At the moment, the Relative Strength Index (RSI) is around 41, while the signal is nearly at 37.

This means that the sellers are wearing out, and there is a possibility of a bullish crossover in case the buyers get back in charge. This is reflected in the Moving Average Convergence Divergence (MACD) indicator, where the bars of the histogram become tighter as the signal lines flatten.

There is a slight downward movement of the MACD line compared to the signal line, indicating that the bearish momentum is growing weak. A crossover above the zero line would be an indication of a recovery in price in the short term.

MACD and RSI. Source: TradingView

EMAs Signal Impending Breakout

According to the exponential moving averages (20, 50, 100, 200), the position of the XRP is in the corrective phase. Yet, the situation indicates stability in the short term. The EMA 20 is approximately at $2.36, with the EMA 50 at $2.48.

The 100 EMA and 200 EMA stand at the $2.61 and $2.74 levels, respectively. To affirm a change in direction toward the upside, XRP will need to regain the 50 EMA. It must also remain consistently above the $2.48 price level.

A golden cross pattern is not yet in view. However, the closeness of the EMAs to the current XRP price is an indication that the market is about to experience a directional breakout. With a continued rise in momentum, XRP might challenge the 100 EMA at $2.61. This is quite close to Fibonacci 0.786.

EMA. Source: TradingView