XRP traded largely sideways on Tuesday despite elevated market liquidity.
Notably, over the past week, the cryptocurrency has slipped nearly 5% as selling pressure weighed across major digital assets.
Meanwhile, according to data from the analytics firm Santiment, major crypto assets continue to see rising wallet counts across the board, with Bitcoin approaching 60 million wallets and Ethereum nearing 190 million.
This growth places XRP ahead of major competitors such as Cardano (ADA) and Dogecoin (DOGE) in terms of wallet adoption, reinforcing its position as one of the most widely held digital assets in the sector.
Recall in March, XRP’s ledger exceeded 7.7 million holders for the first time in its 13-year history, with a significant increase in activity. Concurrently, daily engagement metrics have undergone improvements. The network recorded a five-week high of 46,767 active addresses last week, driven by increased transaction activity.
Shortly after the price surge, prices rose by approximately 14% over two days, temporarily pushing XRP to $1.60 before being driven down again due to market weakness.
Additionally, popular analyst Ali Charts reported that XRP’s chart is currently developing underlying multi-year triangular patterns.
According to his analysis, the structure suggests a potential downside floor of around $0.90 in an aggressive bearish cycle, with higher breakout targets reaching $13 and higher during cyclical times. Such estimates are based on historical compression patterns, which involve long periods of consolidation before significant directional movements.
Furthermore, analyst Agrag Crypto emphasized XRP’s broader macro structure, suggesting that the asset may already be transitioning from consolidation into a new expansion phase.
The analyst also noted that XRP recently broke out of a multi-year compression range that had persisted from 2018 to 2024. After reaching a key Fibonacci extension level near a $195 billion market capitalization, the asset is now consolidating while holding above a crucial support zone around $73–74 billion.
According to the analyst, this level represents a pivotal “line in the sand” for the current market structure. Holding above this level would confirm continued accumulation and strengthen the case for a bullish continuation.
Conversely, a breakdown below this threshold could trigger a deeper correction before any sustained upward move resumes.
At press time, XRP was trading at $1.41, reflecting a 0.55% gain in the past 24 hours.
