XRP just smashed a wallet‑count ATH at the same time it’s staging a double‑digit move, and that timing is no coincidence. Activity on the XRP Ledger has quietly climbed past 7.7 million non‑empty wallets, a record across its 13‑year history, even as the price sheds more than half of its 2025 peak and still sits well below the old $3.65 high. This isn’t just a simple pump; it’s a re‑anchoring of the user base under a much lower price, which tends to change the structure of future rallies.

The 14 percent bounce in roughly 48 hours pushed XRP above $1.60 for the first time in weeks, flashing a strong disconnect between fresh on‑chain adoption and lingering bag‑holders from the 2025 cycle. The broader crypto market is only up a fraction of that over the same window, so XRP is clearly outperforming rather than just catching a beta tailwind. That premium tells you capital is selectively rotating into XRP despite the still‑bearish 12‑month and one‑month charts, and that usually means either a strong re‑test of prior levels or a prolonged grind to clear old sell‑side pressure.

Key levels are now coming into sharp focus after the jump. $1.50 and the area around $1.60 have shown as meaningful resistance, with analysts already flagging that $1.50 looked like a major sell wall; clean clearance above that opens the path toward roughly $1.95 before you hit anything remotely like dense overhead supply. Below there, the $1.39–$1.40 zone is reverting to a critical support band, and failure to hold that region would flip the recent trendline breakout back into a range‑bound or corrective phase rather than a fresh leg higher.

For traders watching this, the next few candles matter less than the behavior around these zones. Watch how price reacts on any pullback into the mid‑1.50s: does it hold with low volatility and steady order‑book depth, or does it crack below $1.50 and then struggle to reclaim $1.40. On‑chain, the trajectory of wallet growth and where those new addresses are...