Wallet Growth Surges Even as XRP Falls

• XRP is holding the $1.80 demand zone even as price remains capped below the full EMA resistance band.
• Spot netflows show selling pressure easing, but sustained accumulation confirmation is still missing.
• XRP wallet count has surged over 29% year-on-year, signaling long-term accumulation despite price weakness.

XRP price today trades near $1.86, stabilizing after another wave of selling pushed the token to its lowest levels since late November. While the broader trend remains under pressure, the pace of downside has slowed as price holds above a key demand zone near $1.80 and spot flow data shows early signs of stabilization.

Spot Netflows Remain Negative But Selling Pressure Is Easing

XRP spot flow data continues to show net outflows, confirming that short-term traders remain cautious. On December 19, XRP recorded a modest $13.72 million net inflow, marking a brief pause after weeks of sustained distribution. 

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That figure follows a long stretch of daily net outflows, many exceeding $40 million to $90 million, especially during October and November.

Daily Chart Shows XRP Holding A Critical Demand Zone

On the daily chart, XRP remains inside a descending structure that has defined price action since the July peak at $3.66. Price continues to trade below the 20, 50, 100, and 200-day EMAs, which are stacked between $1.99 and $2.42, forming a wide resistance band overhead.

The $1.80 to $1.75 zone has emerged as a critical support area. This region has absorbed repeated selloffs throughout December and aligns with the lower boundary of the descending channel. As long as price holds above this zone, sellers are struggling to extend the trend lower.

A clean break below $1.75 would expose deeper downside toward $1.60, a level visible on the lower projection of the channel.

Intraday Structure Shows Early Stabilization Attempts

Shorter timeframes show XRP attempting to base. On the 30-minute chart, price has rebounded from recent lows near $1.78, printing higher intraday lows while respecting a short-term descending trendline.

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Momentum indicators are beginning to reflect that stabilization. RSI has recovered to around 61, signaling improving short-term strength without reaching overbought conditions. At the same time, the MACD has flipped into a shallow bullish crossover, suggesting downside momentum is fading rather than expanding.

These signals do not confirm a trend reversal, but they do indicate that aggressive selling has paused.

Wallet Growth Signals Long-Term Accumulation

While price action remains weak, on-chain data paints a very different picture. According to Santiment, the XRP Ledger now has 7.41 million non-empty wallets, ranking fifth among major crypto networks. That figure is up from 5.73 million wallets a year ago, representing a 29.3% increase in holders despite XRP’s price decline.

Even more notable, when XRP peaked at $3.66 on July 18, the network had approximately 6.7 million non-empty wallets. Since then, wallet count has increased by 10.6%, even as price has fallen nearly 50%.

This divergence is significant. Historically, sustained wallet growth during price weakness reflects accumulation by longer-term participants rather than speculative churn. It suggests distribution from short-term holders is being absorbed by a growing base of investors.

Outlook. Will XRP Go Up?

XRP is stabilizing, but confirmation is still required.

• Bullish case: Holding above $1.80 and reclaiming $2.15 would signal that sellers are losing control, opening room for a recovery toward $2.33 and beyond.
• Bearish case: A daily close below $1.75 would confirm continuation of the downtrend and expose the $1.60 region.

For now, XRP sits at a crossroads. Short-term structure remains fragile, but long-term accumulation continues to build quietly beneath the surface.

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