Based on recent market analysis, XRP is currently showing signs of a potential upward move. The token is consolidating near a key support zone, with a significant decrease in selling pressure and notable accumulation by large wallets setting the stage for a possible breakout if positive catalysts emerge.
Market Stability and Accumulation Signal Strength
Recent on-chain and market data suggest that XRP is building a foundation for its next price move. After a period of volatility and institutional liquidations, the market is now showing signs of stabilization and renewed interest from larger investors.
A key indicator of strength is the record number of wallets holding at least 10,000 XRP, which has reached a new high of 317,500 addresses. This trend of accumulation by mid-to-large level investors, even during periods of price weakness, signals strong underlying confidence in the asset’s long-term value. This has contributed to a tightening of the available supply on exchanges.
From a technical perspective, XRP’s price structure has been stabilizing within a channel between $2.31 and $2.47, with the $2.35 level acting as a pivotal short-term anchor. Analysts note that volume clusters around this support zone suggest institutional accumulation. A clean reclaim of the $2.47 resistance level is viewed as the first key confirmation needed to invalidate the near-term bearish setup and open a path toward $2.55.
Key Factors to Watch for XRP’s Next Move
The future trajectory of XRP’s price in the near term is likely to be influenced by a combination of technical, on-chain, and external macroeconomic factors.
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Technical Levels: The immediate support zone to watch is $2.31–$2.35. A sustained hold above this level indicates continued buyer absorption. On the upside, a decisive break above $2.47 is critical for confirming a shift in momentum.
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Market Sentiment and Leverage: Following a recent market flush, metrics such as Open Interest have begun to recover, rising to $1.36 billion. Traders are watching for normalization in funding rates and open interest as signs of healthy releveraging in the market.
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Regulatory Catalysts: A significant potential catalyst on the horizon is the possible approval of a spot XRP Exchange-Traded Fund (ETF). Several asset managers, including Bitwise and Grayscale, have filed applications. The market is also sensitive to commentary from the U.S. Federal Reserve, as signals on interest rates can influence capital flow across the crypto market.
