The market narrative about XRP is currently split between bullish and bearish. Some analysts see a bullish falling wedge breaking out and prices appreciating, while others see XRP crashing below the support level and testing more support levels further down.
The sentiment about XRP in the current market seems to have conflicting views, as the coin has been rejected at the psychological resistance level of $1.50, despite showing the largest network growth. On top of that, Ripple also made a partnership with EDX yesterday, but neither the network growth nor the partnership was able to boost the prices past the $1.50 level. With such a scenario playing out, the analysts have conflicting views about the coin’s future.
4,300 XRP wallets created in the last 24 hours
According to Sanitment, an on-chain data tracking tool, there was a spike in $XRP wallets.
In 24 hours, 4,300 new wallets were created, marking the 4th largest spike of 2026. An increase in wallet creation can support a price reversal because it often signals growing network participation and renewed user interest.
When thousands of new wallets are created within a short period, it may indicate that new investors, traders, or users are entering the ecosystem rather than existing participants simply moving funds around.
High transaction activity and liquidity could help price with more active wallets
As more wallets become active, the potential for higher transaction activity, accumulation, and liquidity across the network can increase. This additional demand can gradually absorb selling pressure that may have previously been pushing the price lower. During downtrends, price often weakens because buyers become scarce.
Network growth serves as a leading indicator because user activity can sometimes improve before price momentum changes. Stronger participation suggests that the asset’s ecosystem is expanding, which may create conditions for a reversal if buying interest continues building.
Ripple Prime integrates with EDX market
In addition, Ripple’s prime brokerage platform, Ripple Prime, collaborated with the spot and derivatives venues operated by EDX Markets and EDXM International. The integration expands institutional access to digital asset liquidity across spot and perpetual futures markets through a unified prime brokerage framework.
Some analysts who have written off XRP’s recovery are attributing the impending crash to a technical pattern—a descending triangle pattern. A descending triangle is a technical chart pattern formed when an asset creates a series of lower highs while repeatedly finding support at a relatively fixed price level.
XRP makes lower highs and gets rejected at $1.5
This structure reflects increasing selling pressure, as buyers continue defending a key support zone but are unable to push the price back to previous highs. Each rally becomes weaker than the last, suggesting that sellers are gradually gaining control of the market.
With XRP currently testing the support level of $1.37, bearish analysts state that selling pressure will break this support level and XRP will further crash, as it should if it follows the pattern.
However, the analysts who are optimistic still think that the partnership with the EDX market has not materialized, and they believe that XRP will once again bounce back to $1.40 and even break above the $1.50 level.
