Overview
- XRP rose from about $1.84 to $1.87 but stalled near $1.88, leaving the $1.88–$2.00 resistance band intact, according to fresh market tape.
- Exchange-held supply has dropped roughly 57% since October to about 1.6 billion XRP, the lowest since 2018, reinforcing a tightening-float narrative.
- Analyst Ali Martinez flags falling daily active addresses near 38,500 and recent sales of about 40 million XRP by large holders as signals of lingering downside pressure.
- $1.77 is cited as key support, with a break risking a slide toward the $0.79–$0.80 zone, while holding the $1.82–$1.83 base keeps the near-term structure constructive.
- Some chart watchers see a falling-wedge setup that could target roughly $1.90 on a volume-backed breakout, as others point to recent Fed repo liquidity as a potential but uncertain tailwind.