XRP Outpaces Bitcoin in Retail-Driven Surge

• XRP’s active addresses have increased by 490% since November 2022, which means that retail demand is still high.
• Technical signals suggest a possible rebound if XRP stays above the $2.00 level.
• A new uptick in dormant supply patterns echoes previous accumulation or may indicate a short-term price decline.

Ripple ($XRP) is experiencing a dramatic uptick in retail-driven activity, according to recent data from Glassnode. The number of active XRP addresses has increased by 490% since the cycle low of 2022, likely driven by increased adoption from individual investors. On the other hand, Bitcoin active addresses have only risen by 10% in the same period, which indicates that institutions largely drive the current rally.

$XRP has emerged as a new retail favorite this cycle, diverging from #Bitcoin’s more institutional-driven rally. Since the 2022 cycle low, $XRP active addresses are up +490%, while $BTC has only seen a +10% increase – a sharp signal of speculative retail demand. pic.twitter.com/mGRuktUVXK

— glassnode (@glassnode) April 3, 2025

The increase in XRP activity is notable because it strays more from the less volatile and catalyst-based kind of growth observed in Bitcoin. XRP was relatively stagnant most of the year up to the final month of December 2023, when it recorded a significant movement. 

This immediate rise can be attributed to retail traders, which often create short-term speculation. The rally, however, has been facing some hitches along the way. In recent trading sessions, XRP has been unable to achieve strong performance due to periodic profit-selling and market fluctuation.

Dormant XRP Supply Sees Movement Amid Price Volatility

Glassnode’s metrics also show changes in long-term holder activity levels. While the rally to over $3 earlier in 2025 saw many XRP addresses become inactive for over a year, the percentage of the total XRP supply to do so has risen once again. 

Historically, the rise in this rate after a significant price pump indicates that investors are in an accumulation period. Although accumulation can serve as evidence of bullish sentiment about a particular asset, it usually occurs when the price is in a consolidation zone or begins to decline slightly. 

Market participants could perceive this as a bearish sign, considering that it declined by 14.27% over the last week and by 14.16% over the last month. The token is trading at $2.03 today, which is 4.47% down from its value the previous day.

Analysts Predict April Rebound Despite Short-Term Pressure

Despite the recent pullback, some analysts remain cautiously optimistic. According to Ali Martinez, there can be a rebound. He indicated a TD Sequential buy signal. The indicator appeared at the same time whilst XRP was establishing support above $2 levels to forecast that buying pressure might return to the market in the near term.

$XRP could be setting up for a rebound! Holding above $2 while the TD Sequential flashes a buy signal! pic.twitter.com/LZBaQxvb2N

— Ali (@ali_charts) April 3, 2025

Another technical analysis by Egrag indicates increased volatility in April. In his analysis of the XRP/USDT monthly chart, he identified key levels which could be breached on both the high and low sides.

The current market conditions are referred to as a ‘boredom phase’, and the price is anticipated to reach both the upper and the lower bands by the end of the month. This could mean that XRP has the potential to have a large volatility in April before the continuation of more specific trends for the asset.

Recent candlestick patterns also point back to the fact that there may be a reversal as the daily chart portrays the ninth straight down day. The small bullish candle in the candlestick formation, along with the Martinez signal, suggests that there is a short-term change of direction.