XRP moved back into the fourth position among digital assets by market capitalization after climbing to $1.53 on Tuesday, according to the market data referenced in the report. The token posted an 11% weekly gain and lifted its market value to about $93.4 billion, allowing it to move ahead of Binance Coin. The advance also pushed XRP above the $1.40 resistance zone, while trading volume rose 125% to $3.22 billion, showing a sharp increase in market activity during the latest rally. The move has drawn attention from both spot and derivatives traders as XRP returned to a ranking it had not held for several weeks. Market figures cited in the report show that open interest in XRP futures on Binance increased 59% from late October to around 353 million XRP. That rise came even though the token has remained about 37% below its earlier level, a pattern that points to new leveraged positioning rather than a broad reduction in exposure. Current open interest is still below the level recorded before the sharp market decline seen last October. Even so, the current build in positions around the $1.50 to $1.60 range suggests that traders are treating the latest breakout as an area worth defending. At the same time, the growing use of leverage leaves the market exposed to sharper moves if price fails to hold above recently reclaimed support zones. XRPL Wallet Growth and On-Chain Activity Increase Data from Santiment added another layer to the recent market story. The analytics platform reported that the XRP Ledger now has more than 7.7 million holders, measured by non-empty wallets, marking the first time the network has reached that level since its launch in 2012. The figure points to continued expansion in wallet participation across the XRPL ecosystem during a period when attention on XRP has also returned to price action. Santiment also reported that active addresses climbed to 46,767 on Monday, the highest reading in five weeks. That rise in address activity came as XRP posted a 14% gain over 48 hours and briefly traded above $1.60. The increase in active wallets suggests a pickup in network participation at the same time trading interest accelerated across exchanges. Source: X The recent adoption data followed an update from Ripple tied to XRP Ledger version 3.1.2. The release focused on fixing critical security issues, including a flaw that could cause servers to crash or restart unexpectedly. Technical maintenance of that kind often draws less attention than price moves, but it remains part of the broader environment surrounding network usage and market confidence. Price Structure Keeps Focus on Key Support and Resistance Alongside the rally, some market commentators continue to watch XRP’s longer-term chart pattern. According to crypto analyst Egrag Crypto, the XRP price has formed a multi-month triple bottom structure that may still require one more corrective phase before a broader upward move can develop. In that framework, the decline from $3.40 in January 2025 is treated as part of an ABC correction, with a possible final bottom near $0.91. Source: X That area has been identified as a key zone because it aligns with the 0.618 Fibonacci retracement, prior demand, and the projected final leg of the formation. On the upside, a weekly close above $1.65 has been described as the first major confirmation that the descending corrective structure has ended. Until then, reported support levels remain near $1.40, followed by $1.22 if selling pressure returns.
