XRP Price Eyes $1.80 as Active Addresses Hit Record High

XRP (XRP) is currently testing the $1.32 level, which was previously a resistance area and may now serve as support ahead of the U.S. jobs report. Yearly losses have reached 28%, while trading volumes remain higher than a month ago at $2.7 billion, accounting for 3.2% of the asset's circulating market cap. Despite this pullback, the Crypto Fear and Greed Index stands at 69, indicating a still bullish sentiment among market participants.

The odds of a rate hike in September have increased from 39% to 66%, as the Federal Reserve's Chairman, Kevin Warsh, seems unwilling to let inflation run too hot. As U.S. prices have risen faster than the Fed's target, central bankers are expected to remain hawkish. Net inflows to exchange-traded funds (ETFs) linked to XRP have been positive for 11 consecutive days, with $159 million added in August, the highest monthly add since December.

On-chain data reveals that active addresses within the XRP Ledger have hit a record high, with a 7-day moving average of 1.34 million, a 10% increase from the previous all-time high of 1.22 million in March 2025. This suggests market participants are positioning for a significant move ahead. XRP needs to hold above its nearest support level to confirm a bullish outlook.

If the price breaks below the 200-day exponential moving average (EMA) at $1.32, a decline to $1.23 could occur, presenting a 7% downside risk. However, if volumes increase and the price rallies off this area, a move to $1.80 in the mid-term could be anticipated, with an attractive risk-reward ratio of around 6x for a long position.