Ripple (XRP) surged more than 8% over the past week to breach the $1.50 level.

XRP Breaks Above $1.50

The rally made XRP the strongest performer among the top 10 cryptocurrencies by market capitalization, gaining 2.8% over 24 hours. The token briefly pushed past $1.60 before sellers pulled it back.

The move ended more than a month of range-bound trading between $1.33 and $1.47. Analyst Ali Martinez noted that XRP's Bollinger Bands — a volatility indicator — had been tightening during that stretch, a pattern that often precedes a sharp price move.

Martinez said XRP has now broken out of its triangle pattern and identified $1.85 as the next upward target, roughly 23% above current levels. On-chain data supported the momentum: the XRP Ledger hit a record 7.7 million non-empty wallets, and active addresses rose to 46,767, a five-week high.

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Why It Matters

Martinez's technical analysis points to a potential 23% upside if XRP holds its breakout trajectory, a scenario reinforced by the surge in network activity. The XRP Ledger processed 2.7 million transactions in a single day (Mar 11), nearly doubling its December 2025 high of 1.45 million.

The record wallet count and rising active addresses suggest growing user adoption on the ledger, not just speculative trading.

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