Overview
- XRP trades near $1.85–$1.87 on Jan. 1 after modest short‑term rebounds, leaving price close to key support levels.
- Daily active addresses on the XRP Ledger fell from roughly 46,000 to about 38,500 in a week, signaling weaker participation.
- Large holders recently offloaded around 40 million XRP, a shift that could add sell‑side pressure, Martinez says.
- Martinez identifies $1.77 as a pivotal level; a decisive breakdown could expose the next major support zone near $0.80, or about 56% lower.
- A separate technical view notes a falling‑wedge pattern with a potential move toward $1.90 if price confirms a breakout above roughly $1.88 and holds $1.82–$1.84.