XRP Sends Mixed Signals: Should Be Cautious or Confident?

XRP, Ripple’s native token, is showing signs of both strength and uncertainty, leaving investors divided on its short-term direction. Recently, XRP bounced from a support level at $2.29 and now trades around $2.44, mirroring broader market gains as Bitcoin reached new highs.

One positive sign: big investors or “whales” are buying more XRP. Wallets holding between 10 million and 100 million tokens now control 12.1% of the total supply, up from 11.58% in April. This suggests growing confidence among major players.

However, there’s a catch. XRP reserves on exchanges like Binance have also climbed, rising from 2.7 billion to 2.9 billion tokens since May 1. This could mean more selling pressure, as higher exchange balances often lead to increased trading and volatility.

Technically, XRP is holding above key support levels. The 50-day, 100-day, and 200-day EMAs are all below the current price, giving bulls some comfort. The RSI is also neutral, which means the token still has room to move.

A key bullish indicator is the “golden cross” on the XRP/BTC pair — a rare event last seen in 2017 — signaling potential long-term upside.

With both whale accumulation and rising exchange reserves in play, the market’s next move could go either way.

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