XRP Price Rebounds Above $1.50 as Holder Addresses Near 8.15M
XRP has rebounded after falling by nearly 8% in a market-wide sell-off. The price rose above $1.50, having dipped towards $1.45 earlier.
The increase in XRP's price coincided with the growing number of addresses holding the token, which reached 8.15 million. This represents an increase of around 430,000 addresses since late March.
Despite this growth, some selling risks persist as about 524,000 XRP entered trading platforms in recent exchange inflow figures, while approximately 135,000 left, resulting in a net inflow of about 389,000 XRP. However, this is a relatively small move compared to previous spikes.
Looking ahead, if the price manages to hold above the $1.45-$1.42 support region, it could potentially retest the $1.60 level, with the next resistance area at $1.66.