The post XRP Shows Potential for Wave 5 Rally Toward $6.85 Amid Rising Wallet Activity and Key Support appeared on BitcoinEthereumNews.com.

XRP’s bullish momentum targets $6.85 with strong support near $3.15, fueled by active wallets and technical signals. Stay informed with COINOTAG. What Does Elliott Wave Analysis Reveal About XRP’s $6.85 Target? Elliott Wave analysis indicates XRP is progressing through Wave 4 consolidation, setting up Wave 5 to potentially reach $6.85. Analyst Dark Defender confirms Waves 1 through 3 are complete, with Wave 4 underway. Breaking resistance levels at $3.07 and $3.61 will confirm the next bullish phase, supported by RSI trends and Fibonacci extensions. ‘, ‘ 🔥 The Power of the TRON Ecosystem is Yours!Click now to discover exclusive opportunities! ‘, ‘ 💎 Profit Opportunities on the TRON NetworkJoin now to strengthen your investments! ‘ ]; var adplace = document.getElementById(“ads-htx”); if (adplace) { var sessperindex = parseInt(sessionStorage.getItem(“adsindexHtx”)); var adsindex = isNaN(sessperindex) ? Math.floor(Math.random() * adscodesHtx.length) : sessperindex; adplace.innerHTML = adscodesHtx[adsindex]; sessperindex = adsindex === adscodesHtx.length – 1 ? 0 : adsindex + 1; sessionStorage.setItem(“adsindexHtx”, sessperindex); } })(); How Does On-Chain Data Support XRP’s Bullish Outlook? On-chain metrics from Santiment show a 13% decrease in the average age of XRP holdings, indicating dormant wallets are reactivating. This suggests investors are repositioning rather than selling off, which typically precedes price rallies. The “Age Consumed” spikes further confirm large holders’ portfolio adjustments, reinforcing confidence in XRP’s upward momentum. Dark Defender’s forecast follows XRP’s recent 46% price increase, highlighting a strong technical foundation for further gains. Traders are closely monitoring resistance near $3.61 as a critical breakout level. Source: Dark Defender Why Is Wallet Activity Crucial for XRP’s Price Movement? Wallet activity is a key indicator of market sentiment and potential price shifts. The recent surge in active XRP wallets, especially those previously dormant, reflects renewed investor interest. This trend often precedes price rallies as coins re-enter circulation and trading volume increases. What Do…

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Filed under: News - @ July 30, 2025 3:22 am