$550 Million XRP Accumulation Shows Effect, Price Rallies 12%

XRP is staging a significant recovery, driven by a strong accumulation phase where investors capitalized on discounted prices. This renewed confidence is evident in on-chain movements, which have catalyzed a 12% price increase and strengthened XRP’s short-term market structure.

I. Key On-Chain Metrics Confirming Accumulation

Investor confidence is being clearly reflected in the movement of tokens off of exchanges: Massive Exchange Outflows: Over the past seven days, the balance of XRP on exchanges has fallen significantly. On-chain data confirms investors have withdrawn approximately 216 million XRP, valued at over $556 million. This substantial withdrawal signals a strong shift toward accumulation and long-term holding, reducing the immediate supply available for selling pressure.Strengthening Bullish Momentum: The Relative Strength Index (RSI) has risen and successfully crossed above the neutral 50.0 mark. This is a crucial technical development that signals buyers are actively regaining control, providing a foundation for sustained upward pressure without immediate concern for becoming overbought.

II. Technical Outlook and Short-Term Price Trajectory

The technical picture is turning bullish as XRP attempts to establish new support levels. Current Price and Immediate Support: XRP is currently trading at $2.55 after the 12% jump and is working to establish $2.52 as a solid support level following its rebound from a consolidation phase.Short-Term Resistance Targets: If bullish momentum persists, XRP will next attempt to breach the key resistance at $2.64. This level has historically been difficult to overcome. A successful breakthrough of $2.64 could propel the price toward the next target at $2.75, reinforcing the recovery trend.Bearish Invalidation: The bullish thesis would be invalidated if XRP fails to surpass $2.64 and subsequently drops back below the $2.52 support, risking a retest of the lower $2.36 support zone.

⚠️ Important Disclaimer

This analysis is for informational and educational purposes only and is derived from public market data and on-chain metrics. It is not financial advice, nor should it be construed as a recommendation to buy, sell, or hold any cryptocurrency. The cryptocurrency market is highly speculative, volatile, and subject to external factors, including regulatory shifts and macroeconomic conditions. Past performance is not indicative of future results. Readers must conduct their own comprehensive research (DYOR) and consult with a qualified financial advisor before making any investment decisions. The author and publisher bear no responsibility for any financial loss incurred as a result of relying on the information presented herein.