Lately, XRP has shown substantial on-chain use and experts now analyze XRP price projections. Network activity shows unprecedented levels as big investors move their assets away from exchange platforms. On-chain activity indicates forthcoming market changes that traders actively search for.
XRP Exchange Reserves Decline as Whales Accumulate
Blockchain data shows that XRP reserves held by major exchanges are on the decline. The available supply on trading platforms is decreasing because investors are shifting their investments to cold storage.
Historically, such movements have occurred along with price swings, as lower supply automatically affects trading conditions due to lower exchange liquidity.
In addition, the trend of accumulation is identified by crypto analyst Steph who noted that Binance’s XRP reserves have seen a massive drop.
Particularly, this indicates how investors are largely ensuring the safety of their assets instead of selling to avoid future losses as prices could likely go higher. Reduced availability on the exchanges could send prices upwards if the demand balance is stable.
Surge in Active Addresses Affecting XRP Price
More so, blockchain activity data shared by analyst Ali Martinez also shows the number of active XRP addresses on the rise. Over the last week, active addresses were up 620%, rising from 74,589 to 462,650.
The data shows a substantial uptick, suggesting an increasing user base and rising transaction volumes in the XRP ecosystem.
This increase suggests a higher engagement with the XRP Ledger. Higher activity typically ties in with higher adoption and utility, which in turn can help the long-term asset performance. If the trend continues, sustained network growth could support XRP price stability or growth
XRP Ledger Accounts Continue to Grow in 2025
The adoption of the XRP led to a rise in the number of accounts on the XRP ledger, which is steadily rising. Additionally, accounts on the network have increased by 24% since the beginning of 2025, exceeding 6.2 million. This represents growth from 5 million accounts and an ongoing influx of new participants.
The rise of XRP Ledger accounts correlates with an increase in the number of trust lines. Trust lines are required for asset transactions on the network. Network participants have been steadily increasing, which would imply that more users are using XRP infrastructure and hence could impact the long-term market trends.
XRP Price Action Update
At the time of writing, the XRP price is at $2.51, a rise of 4.66% in the last 24 hours. The support is at $2.40 and $2.35, and the resistance is at $2.55 and $2.60 – $2.65. XRP will gear up toward $3.0 on a breakout above $2.65, although failure to hold $2.40 should incur a decline. Momentum remains bullish.
Meanwhile, recent analysis confirming a bullish breakout indicates that XRP price may continue to surge after breaking through key resistance. Crypto analyst Carl Moon pointed out that XRP has broken out from a descending triangle pattern, which is a historically strong signal for an uptrend.
However, investors are watching if XRP can hold onto gains and surge to the $3.80 mark soon as short liquidations hit a six-month high while institutional interest rises.
Source: https://www.thecoinrepublic.com/2025/03/06/whats-next-for-xrp-price-as-indicators-turn-bullish/