XRP price hit a multi-week high of $1.6 on March 17 before settling around $1.5. Can it hold the key support level as whale demand is back? Summary XRP price climbed to a four-week high near $1.60 as the broader crypto market rallied following Bitcoin’s breakout above $75,000. On-chain data shows whales have shifted back into accumulation mode, while Binance reserves have risen to 2.78 billion XRP. Growing network activity and strong technical indicators suggest bulls remain in control as traders watch support near $1.50. According to data from crypto.news, XRP (XRP) price hit $1.60 on Tuesday, March 17, its highest level over the past 4 weeks. Trading at $1.52 at the time of writing, the asset has rallied 11% from its weekly lows and 19% from its lowest point over the past month. While a market-wide rebound following Bitcoin’s surge past the $75,000 psychological resistance provided a strong tailwind, several specific catalysts have supported these recent gains. First, whales have officially entered accumulation mode after months of remaining in a distribution phase. Data from CryptoQuant shows that the XRP Whale Flow 30-day moving average, a metric that tracks the movement of coins into large holder wallets, has switched to positive after nearly four months of red. This shift is significant because whale accumulation often sparks retail interest in the asset as smaller investors look to follow the lead of influential market participants. XRP Whale Flow | Source: CryptoQuant Second, reports indicate that XRP reserves on Binance have soared to 2.78 billion tokens, their highest levels since late 2025. As whales remain in an accumulation phase, they could gobble up most of these available tokens, which could lead to a supply crunch that drives prices even higher. Third, investors are showing increased engagement with the underlying technology. Per data from Santiment, the total number of active addresses on the XRPL network climbed to a five-week high. A surge in active addresses indicates growing network utility and a rise in unique user participation, which typically serves as a bullish signal for long-term price stability. XRP daily active addresses | Source: Santiment Should these trends continue, the current support level may act as a solid foundation for the next leg up. XRP price analysis Technical indicators suggest that bulls hold the upper ground at press time. On the daily chart, the Aroon Up reading currently stands at 100% while the Aroon Down is at 35.71%. When the Aroon Up is significantly higher than the down, it means that the market is in a strong uptrend and that the most recent price highs were achieved very recently. XRP/USDT 24-hour price chart — March 17 | Source: crypto.news The relative strength index remains above 59 after slipping from 63 since yesterday. This is a sign that while the immediate buying momentum seems to have waned a bit, the bullish trend is not completely exhausted, and there is still plenty of room for further upside before the asset becomes overbought. Hence, the XRP price will likely hold the $1.50 support with a potential rally to $1.65 if it manages to rebound and sustain above the $1.53 level, which aligns with the 38.2% Fibonacci retracement level, a key area that traders often watch for signs of trend continuation. Meanwhile, failure to hold the $1.40 support would likely lead to a deeper correction toward the $1.37 zone. Disclosure: This article does not represent investment advice. The content and materials featured on this page are for educational purposes only.
