XRP Sees New Address Growth, But Price Still Struggles Below $2
Despite new address growth and an upcoming ETF filing, XRP's price remains stagnant below the $2.00 resistance level.Summary
XRP is struggling to regain momentum, trading at $1.87 and failing to reclaim the $2.00 level due to broader market uncertainty. However, interest is rising due to regulatory developments, specifically Roundhill Investments filing for a unique XRP-related ETF structured around options premiums, potentially launching in 2026.
On-chain data shows a sharp spike in new XRP addresses reaching a monthly high, suggesting new participants are entering the market ahead of potential catalysts. Conversely, existing holder exchange balances show little movement, indicating caution and a lack of aggressive accumulation or distribution.
For XRP to rally past the $1.93 resistance toward $2.00, it needs renewed accumulation alongside sustained inflows from these new investors. Failure to hold the $1.86 support level could lead to a pullback toward $1.79.
(Source：BeInCrypto)