Analysis
XRP Price Crash Amid Strong On-chain Activity, Top Analyst Eyes $1.8
XRP price fell 8% despite rising XRP Ledger activity and whale accumulation, while analyst Ali Martinez eyes a breakout toward $1.80.
BLOCKINSIDERLoadingXRP price fell 8% despite rising XRP Ledger activity and whale accumulation, while analyst Ali Martinez eyes a breakout toward $1.80.
XRP is entering a crucial phase after falling nearly 8% last week to trade around $1.37, following Bitcoin’s broader market decline. However, despite the price weakness, XRP’s on-chain activity is surging, with wallet growth and network usage hitting multi-month highs.
This strong network activity has now led popular crypto analysts to predict a possible rebound toward the $1.80 level.
Today, XRP price dropped close to the $1.37 level after reports revealed that Goldman Sachs exited its XRP exchange-traded fund (ETF) investments.
According to the bank’s latest Form 13F filing, Goldman Sachs completely sold its XRP and Solana ETF holdings after previously owning around $154 million worth of XRP-related products.
This move comes during a period of high volatility in the crypto market and shows that some big institutions are becoming more careful about their crypto investments.
At the same time, the crypto market faced pressure after U.S. inflation rose higher than expected, reducing hopes for early interest rate cuts. Rising tensions after Donald Trump’s comments on Iran also added fear across global markets.
Since XRP usually follows Bitcoin’s movement, the broader crypto selloff pushed Ripple’s token lower as well.
Despite the price decline, XRP Ledger activity has surged sharply. According to on-chain data, the network recently recorded its highest daily active address count since March 30, reaching roughly 48,453 active wallets within 24 hours.
At the same time, network growth accelerated significantly, adding more than 3,300 new wallet addresses in a single day, the strongest growth reading since March 19.
Meanwhile, data from Santiment showed wallets holding more than 10 million XRP now control approximately 68.5% of XRP’s circulating supply, marking the highest whale concentration since 2018.
The trend suggests large holders may still be accumulating XRP during the current consolidation phase.
Overall, Popular crypto analyst Ali Martinez believes XRP may now be approaching a major breakout moment.
According to Martinez, XRP’s 3-day Bollinger Bands are currently showing the tightest volatility squeeze seen in more than a year. Historically, similar compressions often lead to large price expansions.
Martinez said traders should closely watch the $1.50 and $1.29 range for confirmation.
A strong close above $1.50 could trigger a rally toward his primary $1.80 target, while a breakdown below $1.29 may open the door for a deeper correction toward the psychological $1 support level.
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