Cryptocurrency (XRP) Price: Triple Jump in Active Addresses Hints at Bullish Momentum

TLDR

Table of Contents

XRP is currently trading around $2.30, hovering in a crucial price band
Analyst Ali Martinez warns a drop below $2 could trigger a fall to $1.60
Daily Active Addresses tripled to 530K on March 2, showing renewed investor interest
The ongoing SEC lawsuit continues to impact XRP price movements
The DC Blockchain Summit could be a catalyst for XRP to potentially reach $3

XRP is at a critical juncture in its price journey. The cryptocurrency is currently trading around $2.30, having recovered from a recent low of $2.23. The digital asset now faces a key resistance level at the 20-day Exponential Moving Average (EMA) of $2.33.

The crypto has been experiencing some volatility lately. After touching a low of $2.23 in the past 24 hours, XRP has made a small recovery but remains below important resistance levels.

Crypto analyst Ali Martinez has issued a cautionary note for XRP holders. He warns that if the price drops below the $2 mark, there could be a rapid decline.

This concern stems from what analysts call an “air gap” in the UTXO Realized Price Distribution. This technical indicator reveals very little buying activity between $2 and $1.60.

$XRP testing the waters! Below $2, a gap with no significant support could pull it to $1.60. pic.twitter.com/m85sXJGVCr
— Ali (@ali_charts) March 18, 2025

The gap suggests that if XRP loses support at $2, there might not be enough demand to prevent a quick fall. The next major support zone would then be around $1.60.

When cryptocurrencies enter price zones with limited trading history, they tend to move quickly. This pattern often continues until reaching an area where stronger buying interest exists.

SEC lawsuit affecting price

The SEC lawsuit against Ripple remains a major factor affecting XRP’s price. Back in January, rumors that the SEC might withdraw its appeal caused XRP to surge to nearly $3.40.

However, the ongoing legal battle continues to create uncertainty. Pro-crypto lawyer Bill Morgan has expressed concerns that the SEC’s extended silence on the matter could put downward pressure on XRP.

Other external factors are also influencing XRP’s price movements. These include President Trump’s tariff policies and developments in Crypto Strategic Reserve Assets.

Technical indicators show mixed signals for XRP. The Relative Strength Index (RSI) stands at around 46.24, indicating neutral momentum with a slight downward trend.

The Bollinger Bands show upper resistance at $2.71, while XRP trades below the midline at $2.33. There’s support at the lower band around $1.95, which could be tested soon.

Daily Active Addresses more than tripled

On a more positive note, on-chain data shows growing interest in XRP. Daily Active Addresses more than tripled to 530K on March 2, up from 165K in December 2024.

This increase in active addresses suggests investors are showing renewed interest in XRP. The sustained activity over the past two weeks indicates expectations of future price movement.

The upcoming DC Blockchain Summit could be a catalyst for XRP. The summit will bring together crypto personalities and US government officials to discuss cryptocurrency regulations and adoption.

Since Ripple is a US-based company, any positive developments at the summit regarding crypto regulation could benefit XRP. This might help the cryptocurrency break past resistance levels.

For the current trend to remain bullish, XRP needs to form a higher low above $2.057. Such a pattern would potentially push the price to revisit the range high of $2.724.

In a highly optimistic scenario, if Bitcoin stays above $90K, XRP could potentially flip the $2.724 resistance into support. This might open the path to the $3 mark, representing a 40% rally from current levels.

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