According to Cointelegraph, XRP has been trading within a narrow range over the past eight days, maintaining its position just above the $2.00 support level following a marketwide recovery over the weekend. Onchain and technical data suggest that the XRP/USD pair is positioned for a potential breakout toward the $3.00 mark.

Since April 14, XRP's price has been consolidating between $2.03 and $2.13, with the daily relative strength index (RSI) remaining flat at approximately 49, indicating market indecision. Despite this sideways movement, whale activity presents a promising outlook, as onchain data reveals that large investors have capitalized on the price drop to $1.61. Notably, XRP whale addresses holding between 10 million and 100 million XRP have seen a sharp increase since April 1, according to Santiment data. Similarly, addresses holding over 1 billion XRP have steadily grown, now accounting for 39.37% of the total XRP supply, up from 37.67% at the end of March. This trend may reflect the confidence of these large investors in XRP's potential price increase, despite prevailing macroeconomic risks and uncertainties.

Additionally, XRP has experienced a notable decline in exchange reserves. The XRP balance on exchanges peaked at 3.27 billion XRP in November 2024, but currently, around 2.7 million XRP are held on exchanges. This metric has decreased by 10% over the past 30 days, despite market turbulence since early April. The price action between April 7 and April 22 has resulted in the formation of a bull flag pattern on the daily chart, with the price retesting the upper trendline of the flag at $2.10, suggesting a possible breakout.#BinanceAlphaAlert #Xrp🔥🔥$XRP