XRP Wallets Hit 7.7M Record as Bulls Eye $2.55 Rally

- Whale accumulation and lower exchange balances signal growing confidence in XRP. - Critical resistance zone identified at $1.50–$1.60 for the cryptocurrency's next move. XRP investors achieved a historic milestone on March 17, 2026, when CoinDesk reported that non-empty wallet counts surged to 7.7 million. This record-breaking figure underscores growing investor interest and increased activity on the XRP Ledger, signaling strengthening fundamentals for the digital asset. In addition, on-chain data from Santiment on March 17 highlighted a recent five-week high in daily active addresses, which showcases heightened network engagement. Meanwhile, large “whale” investors steadily accumulated XRP, an action that indicates a strong conviction in the asset. Accompanying this trend is a notable drop in exchange balances, as more investors opt to hold their tokens in private wallets. This is a potential bullish indicator that suggests long-term confidence rather than short-term profit-taking. As a result, these factors collectively shift attention to the $1.50–$1.60 resistance zone, a critical threshold for XRP. Analysts suggest that breaking this range and flipping it into support could spark a rally toward a potential upside target of $2.55. According to CoinMarketCap on March 17, XRP was trading at $1.518, reflecting a 1.296% increase in its 24-hour trading volume. The cryptocurrency's trajectory, therefore, remains a focal point for analysts, who continue to monitor whether the momentum will persist and propel XRP beyond the key resistance levels.