XRP recently broke above ~$2.63 resistance, with volume picking up.
CoinDesk
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CoinDesk
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On-chain data show exchange reserves for XRP dropped ~3.36% since early October, which is often seen as bullish (less available supply on exchanges).
CoinDesk
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Big accumulation by “whales”: addresses holding large amounts of XRP added ~190 million tokens (~US$505 million) recently.
BeInCrypto
Institutional interest rising: A company called Evernorth Holdings has taken a ~$1 billion position in XRP.
OKX
Regulatory/structural developments:
In India, a court ruled that XRP is “property, not speculation” in a case involving WazirX and an exchange hack.
CryptoSlate
Broader macro issues: talk of U.S. rate cuts, geopolitical risk, and ETF-rumours are creating potential catalysts.
FXEmpire
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However: Some caution flags: Even with bullish signs, resistance remains, and a lack of breakout might mean sideways or pullback
🧮 Fundamental / structural context
XRP’s ecosystem growth in Q3: According to analytics firm Messari, XRP’s market cap grew ~29% QoQ and it out-performed the combined growth of Bitcoin, Ethereum and Solana in that quarter.
The Crypto Basic
The token has strong ties to payments infrastructure (via Ripple Labs) and is seeing renewed institutional interest (e.g., Evernorth).
Macro/regulatory catalysts:
Speculation about a XRP-related spot ETF (or regulatory clarity) is helping sentiment.
CoinCentral
The court ruling in India elevating XRP as “property” could have broader implications for custody/regulation globally.
CryptoSlate
Strengths:
Supply reduction (exchange reserves dropping)
Accumulation by large holders
Technical structure supports breakout
Ecosystem and institutional momentum
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