XRP Recovers Above $1.50 as Holder Addresses Rise to 8.15 Million
XRP rebounded after a nearly 8% decline, while its holder-address count increased by about 430,000 since late March.
XRP recovered to about $1.52 after falling toward $1.45 during a broader crypto-market decline, while the number of addresses holding the token rose to about 8.15 million.
The token was up 1.39% in the latest reading after losing nearly 8%. Its holder-address count increased from about 7.72 million in late March, an increase of roughly 430,000 addresses. The count continued to rise during both price gains and declines.
Trading flows presented a more cautious picture. About 524,000 XRP moved into trading platforms in the latest reading, while roughly 135,000 XRP moved out, resulting in a net inflow of about 389,000 XRP. Tokens transferred to exchanges may be available for sale, although such transfers can also serve other purposes.
The $1.45-$1.42 area is the nearest support zone after the rebound. XRP’s next major test is around $1.60. A move above it could open the way toward $1.66, where selling recently emerged.
A break below $1.42 would shift attention to $1.36, which could provide support after previously serving as resistance. The recovery followed XRP’s 2.21% one-hour decline to $1.47 on Sept. 24, which extended its 24-hour loss to 8.36%.
