XRP Holder Count Hits 7.7M: Whales Stop Dumping, But Price Still Stuck in the $1.50-$1.60 'Sell Wall' Simulator

XRP is currently trading at $1.50 on Tuesday, managing a 3% gain in the past day as its latest relief rally face-planted at the $1.60 ceiling. While the price action feels like running on a treadmill, growing network usage and a surge in holder accumulation might just provide the energy drink needed to finally smash through the $1.50-$1.60 resistance zone.

Santiment data shows the number of daily active addresses on the XRP Ledger just pumped to a five-week high of 46,767. Not coincidentally, this surge in on-chain foot traffic escorted the price to its own four-week high of $1.60, proving that people are actually using the thing, not just staring at charts.

The ledger has now hit a new milestone, with non-empty addresses reaching 7.7 million for the first time ever. According to Santiment, this demonstrates the network's "usage continues to grow," even when the market is painting everything red, suggesting a cohort of degens were happily buying the XRP dip like it was a limited-time offer.

This on-chain narrative dovetails perfectly with some aggressively chad accumulation by long-term holders. A sharp spike in the XRP holder net position change was recorded on March 1, exceeding 351 million XRP, marking the most impressive single-day accumulation spree since the first day of February.

Meanwhile, XRP whales appear to have switched their MO from 'sell' to 'cellar.' The 30-day moving average for XRP's Whale Flow metric turned positive in March for the first time since November 2025, finally putting an end to a four-month-long whale-sized selling spree.

This shift in whale sentiment could continue to give XRP's price a boost in the coming weeks, especially when paired with a reducing balance on exchanges, which has now drained down to levels not seen since the heady days of May 2021.

The current mission, should the bulls choose to accept it, is to breach the $1.50-$1.60 resistance that has been capping the price like a low ceiling for over six weeks. Analyst CryptoWZRD_ noted that XRP price "needs to move above the $1.51 resistance," adding that holding above that level could trigger a quick rally towards the $2.0 resistance—a level that sounds a lot more fun.

The last time the XRP/USD pair managed to reclaim this crucial level was back in December 2024. That breakout led to a 90% pump in less than a week. Then, in April 2025, the same level served as the launchpad for a 64% XRP price rally, because in crypto, history doesn't just rhyme, it sometimes copy-pastes.

Analyst CW8900 described the area between $1.50-$1.52 as a massive "sell wall" for XRP, quipping: "If it breaks through this sell wall, there is no other resistance until $1.95." This target neatly aligns with the measured move of a rounded bottom chart pattern and the ever-watchful 200-day simple moving average.

Before anyone starts planning their lambo color scheme, the bulls first need to muster the strength to push the price above the pattern's trend line at $1.60 to validate the breakout. A decisive break above the upper trend line of a falling wedge at $1.60 would then shift the bulls' focus to the next measured target at $2.55, potentially putting this tedious downtrend out of its misery.