In accordance with Coinpedia, XRP is currently testing the $2 support level, with whale accumulation and ETF inflows strengthening demand. Trading volume has surged 77.5%, signaling strong buyer interest despite broader market weakness. Analyst Ali Martinez predicts a 16% price breakout toward $2.40 as XRP consolidates within a tightening triangle. Institutional demand has also increased following CFTC approval for an XRP/USD spot contract, while ETFs have attracted nearly $900 million in inflows. Ripple recently moved 250 million XRP to an unknown wallet, and exchange balances have dropped by 2.51%, suggesting reduced supply and potential positioning for a price move.
XRP Price Could Surge 16% as Whale Activity and ETF Inflows Boost Demand
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