XRP Ledger Hits 7.3 Million Users—Price Surge Follows
The XRP Ledger just crossed a major milestone—7.3 million users—and the market’s taking notice. As adoption climbs, so does the price. Coincidence? Wall Street would say yes, then charge you a fee for the analysis.
Why This Matters
User growth isn’t just a vanity metric. More wallets mean more network activity, more liquidity, and—if you’re bullish—more reasons for XRP to shake off its regulatory baggage.
The Price Angle
No one’s calling this a straight line to ATHs, but momentum’s building. Traders are piling in, and the ledger’s speed (cheap, fast settlements) keeps it sticky for developers.
Bottom Line
XRP’s ledger is quietly becoming a heavyweight. Whether that translates to sustained gains? Well, ask the hedge funds currently overcomplicating it with 10-slide decks.
- XRP surpasses 7.3 million wallets as price consolidates around $2.90.
- Analysts predict XRP could reach $27 due to low resistance above $5.
- Key support zones at $2.48 and $2.80 show strong accumulation patterns.
XRP is currently trading around $2.90. It is in a state of consolidation after significant gains recently and a wallet growth of more than 7.3 million. Analysts predict that its breakout could reach up to $27 since there’s low resistance after $5.
XRP Wallets Rise to Over 7.3 Million
Steph is crypto expressed in an X post that the XRP ledger has passed a very important milestone. It now has over 7.3 million wallet addresses. This rise coincides with XRP prices exceeding $2.70 as more people want to use the coin and the network.
The chart illustrates how the number of new wallets created began to grow gradually since October last year. In less than one year, wallets increased in number to more than 7.3 million from 5.8 million. This growth corresponds to XRP’s price rebound and the general bullishness in the market.
Source: X
Key support levels are reflected in the accumulation pattern as well. A Glassnode chart released by Ali indicates significant buyer interest levels at $2.48 and $2.80.
Such levels could act as a buffer in case of pullbacks. The most noticeable realized volume cluster is just beneath the $0.50 level. This indicates that there is a substantial number of long-term holders who are in profit.
Source: X
XRP Faces Little Pushback Above $5
Data from the liquidity heatmap on Coinglass indicates that there are no significant selling walls above $5. This is an indication that when the buying momentum resumes, XRP may increase in a short time with minimal resistance.
The presence of less liquidity clusters implies that fewer sellers have put limit orders. Hence, the upward movement in the price can be easy. One analyst argued that the coin is in preparation mode for a breakout.
According to Steph Is Crypto, there is a FORM of straight air for XRP above $5. This implies that there is no resistance to further gains. The heatmap supports this observation as it is displaying very low liquidity above the current price.
Source: X
EGRAG is bullish on XRP
A change in the price chart shared by EGRAG Crypto reveals that a possible final leg in the upward direction is in progress. The current candle suggests price ranges between and above $2.24 and $3.65, and there are still four months to go.
This period gives a lot of room to rise in case the upward momentum is maintained. EGRAG finds two probable targets by two projections, log-scaled and non-log-scaled. In the non-log scale, the MOVE is pointing towards $4.89.
However, its log scale target is very high at $48.90. The mean of the two projections is a price target of $27.00.
Source: X
A Chance to Consolidate
Per the TradingView chart, XRP is currently valued at $2.90 due to a sharp fall since it reached its recent high of over $3.50. The correction has happened after several consecutive increases in July that successfully took XRP well above $2.00.
Even though there is a pullback on the current chart, the coin is on an upward trend. Relative Strength Index (RSI) is at 43.45, which indicates a weakened momentum but is not yet oversold.
That indicates that there is still a chance to consolidate or bounce. Meanwhile, the MACD histogram is very close to zero, and the MACD line is higher than the signal line.
This is a sign of a possible change in trend. The chart shows that the trading volume is 11.92 million.
Source: TradingView
Recent rejection above the $3.50 mark is in line with areas of resistance shown in various charts. Before it can resume the bullish momentum, XRP must overcome and sustain above $3.00.
Otherwise, its next support level WOULD be at $2.50. Traders should track new momentum to confirm the next leg up. Till then, XRP is likely to fluctuate between $2.80 and $3.10.
