XRP Surges 10% as Addresses Hit Record High, Eyes $3 Breakout

XRP, the cryptocurrency associated with Ripple, is currently experiencing a surge in investor interest, with many buyers preparing for a potential major breakout. In the short term, XRP is expected to trade within a range of $2.30 to $2.60. A break above $2.45 could push prices higher, potentially reaching new resistance levels. This optimism is supported by the recent increase in the number of XRP addresses, which reached a record 6,870,945 as of March 12, 2025. This on-chain catalyst suggests growing investor engagement and could push the price above the $3 resistance level.

The surge in the number of XRP addresses aligns with the asset’s recent attempts to reclaim the $3 mark, indicating a potential bullish signal. Despite network expansion, XRP’s price has fluctuated, aligning with market sentiment, and maintained support above the crucial $2 level. This stability suggests that XRP is poised for further growth, especially if the broader cryptocurrency market continues to rally.

Analysts have identified key resistance levels at $2.40, $2.97, and $3.07, which, if overcome, could reinforce an uptrend. However, a drop below these levels might trigger a decline toward the Fib 0.786 level, potentially forming a bear trap. This scenario is seen as a generational buying opportunity rather than a bear market signal, indicating that investors are optimistic about XRP’s long-term potential.

The technical outlook for XRP is also bullish, with traders eyeing a buy-the-dip opportunity. Key support levels to watch are $2.30 and $2.20, where buyers may step in. Despite potential volatility, XRP remains in an uptrend, with traders anticipating a rebound after a temporary pullback. This outlook is supported by the TD Sequential indicator, which flashed a sell signal on the four-hour chart, suggesting a temporary correction before a potential rebound.

The long-term potential of XRP hinges on key fundamentals, including a possible resolution of Ripple’s SEC case. Reports suggest that the regulator might seek to conclude the matter soon, especially given the current crypto-friendly regulatory environment. This resolution could further boost XRP’s price, as it would remove a significant overhang on the asset.

In the broader view, XRP remains range-bound, with neither bulls nor bears in full control. Low trading volume reflects weak buying interest, reducing the likelihood of sharp moves soon. For traders and investors, this phase may present an accumulation opportunity before a stronger trend develops. Currently, XRP trades at $2.3760, reflecting a neutral stance as bulls and bears struggle for control. The next decisive move depends on trading volume and overall market sentiment.

In summary, XRP is following a short-term bullish trajectory, aligning with the broader cryptocurrency market recovery. The surge in the number of addresses, combined with key resistance levels and a potential resolution of the SEC case, suggests that XRP is poised for a major breakout. Investors are optimistic about the asset’s long-term potential, and the technical outlook supports a bullish stance.