XRP is once again testing a crucial resistance zone, with market participants watching closely to see if the token can break past the $1.60 mark. While the recent rally has slowed near this level, rising network activity and steady accumulation by investors are strengthening the case for a potential breakout.

Network Growth Hits Historic Milestone

The XRP Ledger has reached a significant milestone, with the number of non-empty wallets climbing to 7.7 million for the first time in its history. This steady rise in holders reflects increasing adoption and long-term interest in the network.

At the same time, daily active addresses have surged to a five-week high of 46,767. This uptick in activity coincided with XRP’s recent price move toward $1.60, suggesting that user engagement is playing a role in supporting price action.

The data points to a broader trend where investors continue to accumulate XRP even during uncertain market conditions, often using price dips as buying opportunities.

Long-Term Holders and Whales Drive Accumulation

On-chain metrics show a notable increase in accumulation among long-term holders. On March 1, net position changes exceeded 351 million XRP, marking the strongest single-day accumulation in a month.

Large holders, often referred to as whales, have also shifted behavior. After months of selling pressure, whale activity turned positive in March for the first time since late 2025. This change indicates renewed confidence among major investors.

Adding to the bullish setup, XRP balances on exchanges have declined to levels last seen in May 2021. Lower exchange supply often suggests that investors are moving assets into private wallets, reducing immediate selling pressure.

The $1.60 Barrier Remains Critical

Despite these positive signals, XRP continues to struggle with the $1.50 to $1.60 resistance zone. This range has acted as a ceiling for over six weeks, preventing further upward movement.

Market analysts emphasize that reclaiming $1.60 as a support level is key. A sustained move above this point could open the door for a sharper rally. Historically, similar breakouts have triggered strong upward momentum, including a 90 percent surge in late 2024 and a 64 percent rally in early 2025.

There is also a notable sell wall around the $1.50 to $1.52 range. If buyers manage to absorb this supply, the next major resistance may not appear until around $1.95.

Technical Patterns Hint at Upside Potential

From a technical perspective, XRP is forming patterns that could support a bullish breakout. A rounded bottom formation suggests a potential move toward $1.95, aligning with key moving averages.

Additionally, a breakout above $1.60 would confirm a move beyond the upper boundary of a falling wedge pattern. If validated, this could shift momentum decisively in favor of buyers, with a possible target near $2.55.

However, failure to break and hold above resistance could keep XRP range-bound in the near term.

Outlook Remains Cautiously Optimistic

With record wallet growth, rising network activity, and renewed whale accumulation, XRP appears to be building a foundation for a stronger move. Still, the $1.60 level remains the line in the sand.

A clean breakout above this zone could mark the beginning of a broader recovery phase. Until then, traders are likely to remain cautious, watching for confirmation before positioning for the next leg higher.