XRP Price Bounces Back Above $1.50 Amid Growing Holder Interest

XRP's price rebounded after falling nearly 8% to $1.45 as holder addresses reached 8.15 million, signaling a growing interest in the asset.

The number of XRP holders has been steadily increasing over the past six months, rising from around 7.72 million in late March to its current level. This increase represents a growth of about 430,000 addresses.

Despite the uptick, some caution is warranted as the recent exchange inflow figures suggest potential selling risks. Around 524,000 XRP entered trading platforms while 135,000 left, resulting in a net inflow of approximately 389,000 XRP.

The recovery has brought XRP's price back above $1.50, with its nearest support level at the $1.45-$1.42 price region. If this range holds, buyers may attempt to challenge the $1.60 price level, potentially opening the way towards the $1.66 area.