During the turbulent market period, we can safely say that the XRP price showed resilience since it successfully protected crucial support at $2.10-2.20 range and is now trading well-above this level at over $2.40.
At the same time, he number of active XRP addresses has surged by 620% in the last week which means increased engagement with the network.
The rise in activity coincides with broader market developments, including Ripple’s recent initiatives, but let’s dig into the details.
What you'll learn 👉
XRP Active Addresses Skyrocket
Blockchain data shows a jump in XRP active addresses over the past week. Crypto analyst Ali (@ali_charts) highlighted a 620% increase, with active addresses rising from 74,589 to 462,650. The data, sourced from Glassnode, indicates heightened participation in XRP transactions and potential growing adoption.
The number of active $XRP addresses has skyrocketed by 620% in the past week, climbing from 74,589 to 462,650! pic.twitter.com/eesFlnJw24
— Ali (@ali_charts) March 5, 2025
This uptick is driven by some exciting developments in the crypto space. Ripple’s launch of the RLUSD stablecoin has attracted consideration. Besides, the growing interest in the XRP Ledger’s technical capabilities adds momentum to the crypto’s current trajectory.
As of this writing, the XRP price trades for $2.43, up 2.98% from the past day. Overall, XRP has risen by 5.52% in the last week, with trade volumes at about $8.23 billion. The main drivers of this positive trend are increased adoption and rising trust in the XRP ecosystem.
By market capitalization, XRP is now stable among the leading cryptocurrencies, indicating sustained investor interest, resilience, and room for expansion. This optimistic outlook is being sustained in large part by the XRP Ledger’s effectiveness and scalability.
Read also: How High Can Kaspa (KAS) Price Go in March?
Analyst Identifies Three Bullish Scenarios for XRP
Crypto analyst XForceGlobal (@XForceGlobal) outlined three bullish scenarios for XRP’s price trajectory based on Elliott Wave Theory. He emphasized that XRP’s resilience supports a predominantly bullish outlook.
$XRP
— XForceGlobal (@XForceGlobal) March 4, 2025
Medium Timeframe Analysis#Ripple's #XRP is truly one of the most resilient coins in the current market cycle. The community really wants it alive. From a purely objective standpoint using Elliott Wave Theory, it also offers the most clarity.
Ultimately, three bullish… pic.twitter.com/E6JzTg3IT6
The first scenario, an ABC Flat, remains valid if the 3-3-5 wave sequence unfolds as expected. This setup suggests that Wave B could complete around the $3.90–$4.80 Fibonacci zone before setting up for another bullish impulse.
The second scenario, a WXY Correction, presents a bullish structure even with deeper corrections. XForceGlobal noted that as long as the XRP price action remains corrective, a bearish outlook is unlikely. The prior strong impulse move provides a solid foundation for further gains.
The third scenario suggests that Wave 5 is already in progress, though micro timeframes lack confirmation. If confirmed, this would be the most bullish outcome, signaling a continuation of XRP’s upward trend.
The latest surge in network activity and technical analysis suggest strong market confidence in XRP. Analysts continue to favor bullish scenarios, while increased adoption supports positive sentiment. The combination of increased user activity and bullish technical setups reinforces expectations of continued momentum.
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