XRP experiences a remarkable surge, with a more than 12% increase in just 48 hours. While Bitcoin and Solana dominate the market, on-chain and technical signals are aligning in Ripple's favour. Analysts suggest that the $3 mark may be revisited for the first time since 2021.
On-chain data doesn’t lie. Since early October, XRP reserves on exchanges have decreased by 3.36%. This indicates that holders are massively transferring their tokens to personal wallets. Historically, this migration constitutes one of the most reliable signals of medium to long-term holding intentions.
When investors withdraw their cryptocurrencies from platforms, they reduce the liquidity available for sale. This scarcity naturally creates upward pressure on price. XRP is no exception to this market mechanism, especially as this decrease in reserves coincides with increasing trading volumes.
Experienced traders recognize this pattern as a classic breakout setup. The combination of quiet accumulation and rising volumes often preludes significant price movements. Breaking through the $2.63 level might only be the first technical milestone.
🔥 Markets move fast: Buy XRP now on Bitget and take advantage of the welcome offer:
The current crypto market context works in XRP’s favor. Institutional investors are accelerating their adoption of digital assets, seeking alternatives to traditional payment methods. XRP positions itself as a fast and cost-effective payment solution, perfectly addressing the needs of financial institutions.
This institutional adoption goes beyond rhetoric. Daily trading volumes reflect increased participation from major market players. Significant orders are accumulating, demonstrating renewed confidence in Ripple’s token. The progressive resolution of regulatory uncertainties reinforces this positive trend.
Investors are diversifying their portfolios by integrating XRP as a strategic asset. This allocation is explained by the network’s technical fundamentals: transaction speed, reduced costs, and scalability. These characteristics position XRP as an attractive investment vehicle in the crypto ecosystem.
From a strictly technical perspective, the $2.63 level represents an important resistance zone for XRP. Breaking through this threshold with sustained volume suggests strong buyer conviction. Momentum indicators confirm this bullish dynamic, with RSI in positive territory without being overbought.
Recent price action shows a series of higher lows and higher highs, characteristic of a healthy uptrend. Support levels are progressively strengthening, offering potential entry points for traders looking to position themselves. The market structure currently favors long positions, even though volatility remains present.
The next levels to watch are around $2.80 and then the psychologically important $3. Each consolidation around these zones could serve as a springboard for new accelerations. Market sentiment remains positive as long as XRP maintains support above $2.40.
On the same topic:
Passionate about the crypto world, he explores the blockchain ecosystem to extract the most essential insights. With his expertise in SEO and web writing, he transforms news and technical analysis into clear, engaging, and impactful content. His goal? To help investors better understand the opportunities and challenges of the crypto market.
DISCLAIMER
This article is for informational purposes only and should not be considered as investment advice. Trading cryptocurrencies involves risks, and it is important not to invest more than you can afford to lose.
InvestX is not responsible for the quality of the products or services presented on this page and cannot be held liable, directly or indirectly, for any damage or loss caused by the use of any product or service featured in this article. Investments in crypto assets are inherently risky; readers should conduct their own research before taking any action and invest only within their financial means. This article does not constitute investment advice.
Risk Warning : Trading financial instruments and/or cryptocurrencies carries a high level of risk, including the possibility of losing all or part of your investment. It may not be suitable for all investors. Cryptocurrency prices are highly volatile and can be influenced by external factors such as financial, regulatory, or political events. Margin trading increases financial risks.
CFDs (Contracts for Difference) are complex instruments with a high risk of rapid capital loss due to leverage. Between 74% and 89% of retail investor accounts lose money when trading CFDs. You should assess whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
Before engaging in financial or cryptocurrency trading, you must be fully informed about the associated risks and fees, carefully evaluate your investment objectives, level of experience, and risk tolerance, and seek professional advice if needed. InvestX.fr and the InvestX application may provide general market commentary, which does not constitute investment advice and should not be interpreted as such. Please consult an independent financial advisor for any investment-related questions. InvestX.fr disclaims any liability for errors, misinvestments, inaccuracies, or omissions and does not guarantee the accuracy or completeness of the information, texts, graphics, links, or other materials provided.
Some of the partners featured on this site may not be regulated in your country. It is your responsibility to verify the compliance of these services with local regulations before using them.
