XRP at $1.10 as On-Chain Activity Slows—Key Range Sets Up Catalyst
XRP price has stalled around $1.10 after defending the $1.00 support, while XRP Ledger activity has turned unusually quiet. Santiment data shows only about 25,350 wallets registered recently, with new wallet creation falling to 2,130—the lowest in nearly two years. This suggests traders are waiting for a real catalyst rather than chasing small bounces.
Despite the slowdown, analysts point to potential ecosystem drivers beyond the XRP price itself, including RLUSD growth, tokenized-asset activity, and institutional payment use cases. Additional tools (such as lending) are also cited as possible ways to bring users back on-chain if momentum improves.
Technically, long-term XRP bull EGRAG CRYPTO says XRP is trading inside a historically important accumulation zone between $0.85 and $1.20. He notes $0.85 could still be tested, but expects the broader bottoming structure to hold. On the upside, the first major resistance is flagged at $1.65; a break could open the door to $3.00–$3.50. Traders will likely watch whether XRP Ledger quietness persists or whether a new trigger lifts XRP out of the $1.05–$1.15 box.
Neutral
On-chain signals are mixed: XRP Ledger activity has dropped sharply (fewer wallets and near two-year lows for new wallet creation), which can reduce near-term momentum and keep price range-bound. However, the article also frames this as a pause—traders waiting for a catalyst—while pointing to non-price ecosystem factors (RLUSD growth, tokenized-asset usage, institutional payments) that could reignite activity.
Technically, XRP remains inside a long-identified accumulation band ($0.85–$1.20). In past cycle behavior, such consolidation near major accumulation zones often precedes either (1) a volatility expansion once a catalyst arrives, or (2) a deeper wick test before trend resumption. The stated resistance at $1.65 provides a clear trigger level traders may use for momentum entries, while the possible $0.85 retest becomes the key downside “line in the sand.”
Net effect: the near-term setup is range/volatility-waiting (neutral), not a confirmed breakdown. Long-term bias depends on whether ecosystem usage (especially RLUSD and tokenized assets) can translate into renewed wallet growth and transaction activity.