A divergence between network activity and price dynamics is observed in the $XRP ecosystem. According to Ali Martinez, the number of active $XRP addresses has increased by 84.18%, from 23,642 on August 1 to the current 43,543.
At the same time, $XRP is trading approximately 71.7% below its historical high of $3.66 from July 2025. The combination of increased network activity, accumulation by large holders, and shifting positions in the derivatives market has made the $1-$1.06 range the focal point of the current market situation.
Ali Martinez added that over the previous week, large holders accumulated more than 380 million $XRP. On the monthly chart, the Tom DeMark Sequential indicator has issued a buy signal.
The divergence in network activity is due to open interest increasing as $XRP approaches the high liquidity zone around $1. Meanwhile, spot volume remains limited. If $XRP holds at $1 and moves back above $1.06, the current positioning could support a recovery attempt.
A drop below $1 could intensify pressure to liquidate leveraged long positions, especially if the positive funding rate persists. Thus, the $1 level remains key to determining whether the existing long position will contribute to a rebound or become vulnerable to further liquidations.
In addition to CoinGlass data, $XRP funding rates have remained predominantly positive since late June, indicating that long positions have generally outweighed short positions in perpetual futures markets.
Positive liquidity spikes were observed from July 10 to 22, followed by a period of growth from late July through August. This positioning persisted even as $XRP weakened from above $1.20 in mid-June to $0.90 by August 12, creating a divergence between price and derivatives positioning.
Technical indicators remain weak despite the increased network activity. The 14-day RSI for $XRP is 35.97, below the moving average of 39.95 and the neutral level of 50.
The MACD indicator also remained negative. The MACD line was at -0.0237 versus the signal line at -0.0191, with the histogram at -0.0046. Collectively, these readings indicate that the bearish momentum has not yet led to a confirmed technical reversal.
Holding the $1 level would allow $XRP to test resistance at $1.06, where, according to Ali Charts, nearly 3 billion $XRP transactions have been conducted. A dip below $1 could push the token back to the $0.98 and $0.93 levels, depending on liquidity zones.
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