XRP Accumulates! Exchange Balances Drop 3%, Institutional Flows Rise 🚀
On-chain data shows XRP’s exchange reserves have fallen by ~3.36 % since early October — a historically bullish indicator of accumulation rather than rapid selling.
Price is consolidating between ~$2.30 and ~$2.43, with support holding above the ~$2.38 zone. A breakout above $2.43 could trigger renewed upside momentum.
Technical analysts highlight the formation of an inverted head-and-shoulders reversal pattern, reinforcing the potential for a breakout toward ~$3.00 if resistance is broken.
XRP
2.2736
-1.60%