XRP consolidates as network activity improves

Ripple ($XRP) remains calm, trading around $1.37 at the time of writing on Thursday. The current sideways action follows a subtle recovery from support at $1.35, and reflects broader optimism for a US-Iran peace deal.

Iran is reportedly reviewing a peace proposal from the US, delivered through Pakistan, the mediator. US President Donald Trump said on Wednesday that the two countries are in the final stages of peace negotiations. However, Trump added that the situation could escalate if Iran does not make a deal, prompting caution across global markets.

Network activity builds on the $XRP Ledger

The number of active addresses on the $XRP Ledger (XRPL) has gained traction since Monday, nearing 24,000 on Thursday, according to Santiment data. Active addresses track wallets that interact with the network by sending or receiving assets over a given period.

A steady increase suggests growing user engagement and speculative interest. At the same time, investor confidence tends to improve when on-chain activity affirms price strength and reduces bearish conviction.

$XRP Active Addresses | Source: Santiment

Institutions are showing mild speculative interest, as $XRP spot Exchange-Traded Funds (ETFs) extended their bullish streak with inflows totaling $1.45 billion on Wednesday. According to SoSoValue, cumulative $XRP ETF inflows have stabilized at $1.39 billion, with average net assets under management at $1.13 billion. Sustained ETF growth will be crucial to bolstering bullish sentiment and underpinning $XRP’s near-term rebound.

$XRP ETF flows | Source: CoinGlass

Price analysis: $XRP consolidation persists

$XRP trades around $1.37, keeping a bearish near-term bias as price holds below all its major Exponential Moving Averages (EMAs) and a recently broken rising trendline. The 50-day EMA at $1.41, backed by the ascending trendline around $1.40, acts as immediate overhead supply, while the 100-day and 200-day EMAs, at $1.48 and $1.70 respectively, reinforce the broader topping tone.

Momentum supports this cautious view, with the Relative Strength Index (RSI) hovering near 43 and the Moving Average Convergence Divergence (MACD) histogram in negative territory, hinting that rallies are likely to face selling pressure.

$XRP/USDT daily chart

On the topside, initial resistance emerges at the former trendline support turned barrier near $1.40, followed closely by the 50-day EMA at $1.41, forming a nearby cap that bulls would need to reclaim to ease immediate downside pressure. Above that, the 100-day EMA at $1.48 and the 200-day EMA near $1.70 define progressively stronger resistance zones that currently frame the broader bearish structure. If selling activity overwhelms demand, $XRP may drop to retest support at $1.35, with a deeper correction likely to extend toward $1.30.

(The technical analysis of this story was written with the help of an AI tool.)