XRP Holds Above $1 as Wallet Growth Accelerates and Leverage Unwinds
XRP maintained support above $1.00 as on-chain wallet activity reached a three-month high, though long liquidations have intensified and the token faces a critical technical pattern. Open interest in futures has collapsed from prior peaks, signaling a mixed picture of accumulation and forced deleveraging.
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Story Updates
- Updated Sep 18, 2026, 03:09 PM: Long liquidations have intensified as XRP tests the $1.00 support level within its falling wedge formation.
- Updated Sep 18, 2026, 03:03 PM: Long liquidations have intensified at the $1.00 support level within a multi-month falling wedge pattern.
On-Chain Momentum Amid Deleveraging Pressure
XRP held above $1.00 as on-chain metrics showed signs of accumulation alongside a broad reduction in leverage across derivatives markets. Active addresses on the Ripple network reached a three-month high, according to validated chain data, while open interest in XRP futures contracts has collapsed from prior peak levels. Spot ETF inflows for XRP also improved during the period, suggesting both retail and institutional buying interest at current support.
The concurrent reduction in open interest and rise in active addresses presents a mixed technicals picture: liquidation cascades have reduced speculative pressure, but the underlying on-chain activity does not yet confirm a sustained bull move. Traders noted that XRP is testing the $1.00 level within a multi-month falling wedge pattern, a setup that typically precedes either a breakout or breakdown depending on which boundary fails first.
Long Liquidations Intensify at Support
Long liquidations have accelerated as XRP approaches the lower bound of the falling wedge, according to recent market monitoring. A wave of forced selling has added pressure to the $1.00 support level, which remains critical for the near-term technicals. The $1.10 level represents the next critical resistance zone; a daily close above that price would indicate a cleaner technical recovery, whereas rejection would set up a retest toward $0.95 support.
What The Data Signals
Wallet growth at three-month highs typically correlates with accumulation phases, though on-chain growth alone does not guarantee upside follow-through. The timing of this activity—coinciding with a deleveraging event in futures markets and intensifying long liquidations—suggests that weak hands are being flushed out, a pattern often observed near local lows. However, neither on-chain address growth nor ETF inflows are reliable predictors of near-term price direction in isolation.
Why It Matters
For Traders
XRP at $1.00 support with accelerating long liquidations creates elevated downside risk if the level breaks on intraday trading volume.
For Investors
The falling wedge pattern and liquidation pressure suggest price discovery is still underway; accumulation should await clearer breakout confirmation above $1.10.
For Builders
Network activity remains elevated at three-month highs despite price pressure, indicating ongoing developer and user interest independent of short-term price action.
This article is for information only and is not financial advice. Read the full disclaimer.
