XRP Accumulation Strengthens Price Momentum Amid Bullish Investor Confidence

XRP’s recent accumulation phase has reinforced its short-term price structure, signaling growing investor confidence and potential for continued upward momentum. Over the past week, on-chain data reveals a significant decline in XRP balances on exchanges, with approximately 216 million tokens—worth over $556 million—withdrawn from trading platforms. This large-scale movement indicates that investors are opting to hold XRP in anticipation of future gains, reducing immediate selling pressure and tightening available supply.

As exchange balances fall, XRP’s price action has responded positively. The cryptocurrency has surged by 12% in the past 24 hours, currently trading around $2.55. This bullish momentum aligns with technical indicators, particularly the Relative Strength Index (RSI), which has climbed above the neutral 50.0 level. This rise signals that buying strength is building, suggesting a potential continuation of the uptrend as traders show renewed optimism. The RSI’s current position also implies that XRP can maintain bullish momentum without entering overbought territory prematurely.

If the current trend continues, XRP could solidify support near $2.52 and target the $2.64 resistance level—a threshold it has struggled to surpass twice in recent weeks. A successful breakout above this zone may drive prices toward $2.75, confirming the strengthening recovery. However, if momentum fades and XRP fails to breach $2.64, a pullback below $2.52 could trigger a retest of the $2.36 support, signaling a potential pause in the rally.

Overall, XRP’s reduced exchange supply, growing investor accumulation, and improving technical indicators suggest that bullish sentiment is gaining traction. As market confidence strengthens, XRP appears poised for further growth, supported by an increasingly optimistic outlook from traders and long-term holders.