Citing CoinPaper, XRP is showing strong bullish signals as it forms a higher-low structure, indicating sustained buyer dominance. Market analyst Trader Rai highlights that XRP’s price action, combined with a 45% drop in exchange-held supply over 60 days, suggests growing confidence and accumulation. The key support level of $2.20 is seen as critical for confirming the bullish trend. Xaif Crypto notes that the decline in exchange balances—from 3.95 billion to 2.6 billion—reflects a shift toward long-term holding and staking, reducing sell-side pressure and potentially increasing price volatility.
XRP Gains Bullish Momentum as Exchange Supply Drops 45% in 60 Days
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