Ripple (XRP) Price: Consolidation Between $2.05-$2.72 as Active Addresses Triple

TLDR

• XRP price currently trading around $2.30, down 35% from its 2025 high
• Active addresses on the XRP network have tripled, reaching 530K on March 2
• Technical analysis shows XRP consolidating between $2.057 and $2.724
• The DC Blockchain Summit could be a catalyst for price movement
• Analysts warn that if XRP drops below $2, it could fall to $1.60 due to lack of support

XRP, the cryptocurrency associated with Ripple Labs, is currently trading around $2.30, down 35% from its 2025 high. The price has been consolidating between support at $2.057 and resistance at $2.724 as the crypto market responds to broader economic factors, including the Federal Reserve’s interest rate decision.

The XRP network has seen a major increase in user activity recently. According to data from Santiment, the number of active addresses in the last seven days jumped to 1.19 million, a big increase from the year-to-date low of below 250,000.

This surge in activity is even more impressive when looking at recent daily figures. The Daily Active Addresses (DAA) metric more than tripled to 530,000 on March 2, up from 165,000 in December 2024.

One reason for this growth is the success of the XRP Ledger ecosystem. The recently launched Ripple USD (RLUSD) stablecoin has quickly reached a market cap of over $130 million, showing strong user adoption.

Other top projects in the XRP Ledger ecosystem include Sologenic, Crypto Trading Fund, Coreum, and XRP Army. This ecosystem is expected to continue expanding, especially if the SEC lawsuit against Ripple Labs comes to a conclusion.

From a technical analysis standpoint, XRP has bounced 30% after hitting a low on March 11. For the trend to remain bullish, the price needs to form a higher low above $2.057.

XRP Price on CoinGecko

If this happens, analysts suggest XRP could revisit the range high of $2.724. In a very bullish scenario, particularly if Bitcoin stays above $90,000, XRP could potentially break above $2.724 and advance toward the $3 mark.

However, there are warning signs on the chart. The Relative Strength Index (RSI) is currently around 46.24, showing neutral momentum but with a downward trend forming.

Additionally, XRP is trading below its 20-day Exponential Moving Average of $2.33, which now acts as resistance. The price has failed to reclaim this level, which some traders see as a bearish signal.

Market Analysis

Crypto analyst Ali Martinez has identified a concerning pattern in the UTXO Realized Price Distribution. He warns of an “air gap” between $2 and $1.60, meaning there hasn’t been much buying activity in this range.

This lack of established support suggests that if XRP loses the $2 level, it could quickly fall to around $1.60, where the next significant buyer interest exists. This represents a potential 30% drop from current prices.

$XRP faces a big test! $2.40 stands as the most important resistance. pic.twitter.com/VShEKxhOrR

— Ali (@ali_charts) March 19, 2025

The ongoing SEC lawsuit continues to be a major factor for XRP. Earlier this year, speculation that the SEC might withdraw its appeal against Ripple led to a rally that pushed XRP to nearly $3.40.

Pro-crypto lawyer Bill Morgan has expressed concerns that the SEC’s prolonged silence on the matter could put increasing downward pressure on XRP’s price. The uncertainty of this legal situation remains a significant influence on investor sentiment.

Looking ahead, the DC Blockchain Summit could provide a catalyst for XRP price movement. The summit will bring together crypto personalities and US government officials to discuss the future of cryptocurrency regulations.

With Ripple being a US-based company, any positive developments regarding crypto regulation could benefit XRP. Some analysts believe this could help propel the price toward $3 if market conditions remain favorable.

Another potential catalyst is the possibility of XRP ETF approval. Multiple applications are pending from major financial institutions including Invesco, Fidelity, Franklin Templeton, and WisdomTree.

However, the competition in this space will be intense, with 18 different XRP ETF applications currently under review. The approval timeline and which applications might succeed remain uncertain.

For now, XRP traders are watching the key support level at $2 and resistance at $2.33. The price action in the coming days, along with developments from the DC Blockchain Summit, will likely determine the next major move for this cryptocurrency.