XRP Price News: Flashes Bullish Signal as Exchange Balances Drop 3%
XRP shows a bullish signal as exchange reserves dropped 3.36% since early October, indicating long-term whale accumulation despite lower speculative interest.Summary
XRP is trading in a controlled, range-bound manner, supported by institutional accumulation above the $2.38 level, even as derivatives data suggest declining speculative interest. Trading volumes surged to 79.86 million during a midday retest of the $2.38 support, confirming significant institutional presence and accumulation behavior. Technically, XRP maintains an ascending channel structure, with $2.38–$2.39 acting as key support against resistance near $2.43. Crucially, on-chain data reveals a 3.36% drop in exchange reserves since early October, which is historically viewed as a bullish indicator tied to long-term whale accumulation. Traders are watching for a confirmed breakout above $2.43 to target the $2.65 extension zone, while failure to hold $2.38 risks a pullback toward $1.96.
(Source：CoinDesk)