XRP price has settled above the key support level at $1.50 today after several weeks of recovery.
The fourth-largest altcoin by market cap rallied to an intraday high of $1.60 before the move cooled off, with price hovering closer to the $1.50–$1.52 range at the time of writing.
Even so, a growing set of on-chain and market signals point to the possibility that XRP could continue its advance from current levels, particularly as broader market sentiment has improved noticeably over the past sessions.
Bullish catalysts for XRP price
First, demand for XRP has been rising.
According to data from CryptoQuant, the XRP Whale Flow 30-day moving average, which tracks the movement of tokens into large holder wallets, has turned positive after spending several months in negative territory.
XRP Whale Flow 30-day moving average. Source: CryptoQuant
This indicates that whales have once again started to accumulate the altcoin, a trend that often draws in retail participation as smaller investors follow larger players.
Meanwhile, Glassnode data shows that XRP holder net position change, which tracks the 30-day supply shift among long-term investors, has recorded a sharp uptick in accumulation activity.
This is another constructive signal, as long-term holders typically accumulate during periods of consolidation, helping to tighten the circulating supply and support a more sustained price move.
Second, the number of active users on the XRP Ledger network has hit a five-week high.
Santiment reported that daily active addresses on XRPL climbed to 46,767, reflecting a noticeable increase in network participation during the recent price recovery.
At the same time, the total number of non-empty wallets has reached 7.7 million for the first time.
When activity and wallet growth rise together on a network, it often points to expanding usage and stronger underlying demand.
Traders tend to view this as a supportive signal for price stability and longer-term upside.
Third, XRP technicals have also turned favorable.
Price has reclaimed the $1.50 level, a resistance zone that had capped upside for several weeks, and is now attempting to establish it as support.
Analysts note that a sustained move above this region could open the path toward the $2.0 resistance level, which also aligns with the 200-day simple moving average.
Currently, there’s a big sell wall near the recent highs, according to noted crypto analyst CW8900, and if XRP bulls can absorb the selling pressure, momentum will likely accelerate.
“If it breaks through this sell wall, there is no other resistance until $1.95,” the analyst wrote.
On the 4-hour XRP price chart, momentum indicators are turning decisively in favour of the bulls.
The RSI has moved into the mid-60s and is nearing the 70 level, which reflects stronger buying pressure.
At the same time, the MACD holds a bullish crossover, while the histogram continues to expand in positive territory, which points to growing upside momentum.
Based on the ongoing accumulation trends and improving market structure, there is a strong case that XRP could break above $1.60 in the near term if buying pressure continues to build.
The post Three reasons XRP price could rally above $1.60 as momentum builds appeared first on Invezz
