XRP Price News: On-Chain Metric Just Flashed “Buy” at $1.35

XRP (XRP) has shed 35% in the past 30 days and currently trades at $1.38. Trading volumes have started to decline, as the selling pressure seems to be easing.

However, market sentiment remains heavily depressed, even after today’s encouraging inflation numbers.

Inflation Retreated to 2.4% While Non-Farm Payrolls Doubled Analysts Estimates

Data from the U.S. Bureau of Labor Statistics showed that inflation dropped from 2.5% last month to 2.4% in January despite President Donald Trump’s aggressive tariff increases on key commercial allies.

Meanwhile, non-farm payrolls nearly doubled the market’s consensus estimate at 130,000, indicating that the economy is still in a solid state.

As inflation moves near the Federal Reserve’s target of 2%, the odds of an interest rate cut in April have started to increase once again.

Odds of a Fed Rate Cut (April 2026) – Source: FedWatch

Data from FedWatch shows that the odds of a 25bps rate cut have moved from 23.9% to 28.1% after this inflation report came out.

However, as May approaches and Chairman Jerome Powell’s tenure comes to an end, the current head of the Fed could opt not to make any changes and leave the next relevant monetary policy decisions in the hands of his successor – Kevin Warsh.

Under new leadership, a dovish Fed could be positive for the crypto market, and on-chain data seems to reflect that buyers are starting to price in this scenario.

Active XRP Addresses Jumped Above a Key Level This Week

According to data from Santiment, XRP’s active addresses just rose above a key level that has previously preceded price rallies.

XRP Active Addresses (7-day MA) – Source: Santiment

The last time this metric hit this mark, XRP was on track to hit $3.30. Meanwhile, one of the most profitable signals sent by this indicator recently flashed in June 2025, back when XRP traded at around $2.30.

Shortly afterward, the price rallied to the nearest it has been to a new all-time high since January 2018 at $3.60.

If Warsh manages to lower rates without pushing inflation higher, that could set off a strong reversal for cryptos and could put an end to this bear market.

A Drop to $1.15 is Still Possible, Followed by a Rebound to $1.80

As we highlighted in a previous XRP price prediction, the key support to watch at this point, and possibly the ideal entry for a long position if this bullish scenario plays out, would be the $1.15 support level.

XRP/USD Daily Chart – Source: TradingView

We already saw the price spiking strongly off this mark, indicating that there’s significant demand for the token at this level.

In addition, the Relative Strength Index (RSI) has just stepped out of oversold, increasing the odds of a strong technical rebound.

If that’s the case, the near-term target for XRP could be set at $1.80. Buying at $1.15, that would mean a 56% upside potential.

In contrast, if this key support area is lost, we could expect a move to $0.70, meaning a downside risk of 39%.

Moving to the hourly chart, we see some consolidation happening between $1.35 and $1.45. If we break these levels in any direction, the price could either head to $1.15 (bearish target) or $1.80 (bullish target) over the next few days.