🔍 XRP Stays Strong — Price Holds Up Despite Mixed Signals

XRP made a comeback this week, and the XRP/BTC chart showed a golden cross (a bullish signal) for the first time since 2017.

Big investors are buying more XRP, showing growing demand and confidence. But, rising exchange reserves (from 2.7B to 2.9B XRP since May 1) may signal that some investors are preparing to sell.

As of Friday, XRP is priced around $2.44, with solid support seen earlier this week at $2.29. This bounce followed Bitcoin's rally to a new all-time high of $111,980, lifting many altcoins along with it.

However, on-chain data is mixed, so traders should stay cautious. While some signs suggest growth, others point to possible selling or market volatility.

One bullish sign: whales (big investors) holding 10M–100M XRP have increased their share of the total supply.

They now hold 12.1%, up from 11.88% on May 12 and 11.58% on April 12, showing increased confidence in XRP's future.

On the flip side, more XRP is sitting on exchanges like Binance, which often means people are getting ready to trade or sell. This could bring more price swings or pressure to sell.

In short:

Positive signs: strong price support, whale accumulation, golden cross

Warning signs: rising exchange reserves, possible selling pressure

Stay alert if you're trading XRP this weekend.