XRP price shows promise above $2.15: Here’s why
Cointelegraph
XRP's price recovery is supported by surging network velocity, high whale activity, and reduced exchange supply, targeting sustained gains above $2.15.Summary
The XRP price has recovered 12% after dropping below $2, driven by increased network activity, evidenced by XRP Ledger velocity hitting 2025 highs, signaling frequent economic use and substantial whale involvement. Furthermore, the supply of XRP on exchanges has dropped to seven-year lows, indicating strong accumulation by holders who are moving tokens to cold storage, which reduces immediate selling pressure. Bulls are now aiming to solidify support at the $2.15 level, which is a critical support zone identified by the 50-period SMA and where a significant portion of investors acquired their tokens, suggesting potential for the next upward move.
(Source：Cointelegraph)