TLDR
- XRP price shows mixed signals as bullish patterns emerge while whale selling continues.
- Technical indicators suggest a short-term rebound may develop after recent selling pressure.
- Network activity has increased significantly, indicating stronger usage on the XRP Ledger.
- Whale transactions show continued selling, which may limit upward price movement.
- The $1.06 level remains a key support that could determine the next direction.
XRP price approaches a decisive level as technical signals and on-chain data show conflicting trends. Recent indicators point to a possible rebound, yet large holders continue selling tokens. As a result, XRP price now trades near key support that may define its short-term direction.
Bullish Signals Suggest Short-Term XRP Price Rebound
Technical indicators show early signs that XRP price may attempt a short-term recovery. The Tom DeMark Sequential indicator recently printed a “9” candlestick on the daily chart. This pattern often signals trend exhaustion and suggests a brief rebound may follow selling pressure.
At the same time, XRP price formed a Morning Star Doji pattern across three sessions. This formation often indicates fading bearish momentum and a possible local bottom. Therefore, traders may see this structure as an early signal of price stabilization.
If buying volume increases, XRP price could move toward the $1.27 resistance level. A stronger push may extend gains toward the $1.35 region. However, price strength depends on sustained demand and reduced selling pressure.
Rising Network Activity Supports XRP Price Outlook
On-chain data shows a notable rise in XRP Ledger activity during recent weeks. Santiment reported that daily active addresses increased from 23,000 to nearly 40,000. This change reflects a sharp rise of about 50% within a short period.
Higher network activity often signals stronger engagement and growing transaction demand. Increased participation can support XRP price by improving liquidity conditions. Therefore, the recent surge may strengthen the broader market structure.
However, Santiment stated that “address growth may partly reflect internal movements rather than new demand.”
This comment suggests that activity alone may not confirm strong market demand. As a result, XRP price may still face pressure despite higher usage levels.
Whale Selling and Key Support Define XRP Price Path
Large holders continue to reduce exposure, which adds pressure on XRP price movement. Santiment reported that whales sold more than 30 million XRP within five days. This selling activity may weaken bullish signals and limit upside potential.
Glassnode data identifies $1.06 as a critical support level for XRP price stability. More than 830 million XRP previously traded at this level, making it a strong demand zone. If price holds above this area, buyers may attempt a recovery.
A break below $1.06 could push XRP price toward lower support levels. Key areas include $0.80, $0.62, and $0.51, where past trading activity remains high. Therefore, XRP price now faces a make-or-break moment as signals remain divided.
The post XRP Price Faces Crucial Level as Mixed Signals Drive Uncertainty appeared first on Blockonomi.

2 hours ago
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TL;DR: XRP’s massive new wallet creations & FOMO emerge in midst of price threatening to drop below $1
Metrics used: Network Growth, Pos/Neg Social Ratio
Link to chart:








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