XRP Supply on Exchanges Slips 3%, Hinting at Bullish Shift

XRP Signals Bullish Accumulation as Exchange Reserves Drop 3.36%

On-chain data reveal a 3.36% decline in XRP exchange reserves since early October, a pattern historically associated with long-term whale accumulation.

Market Snapshot

XRP traded in a tight $0.05 range on Tuesday, moving between $2.38 and $2.41. Institutional participation helped the token maintain levels above the key $2.38 support, even as repeated intraday rejections near $2.43 capped upward momentum.

Trading volumes surged to 79.86 million, roughly 94% above the 24-hour average, during a midday retest of the $2.38 floor — a signal of strong whale-driven accumulation amid subdued retail activity.

Intraday Dynamics

Midday trading saw sellers push XRP briefly toward $2.38, only for aggressive buying to reverse losses, lifting the token back to $2.41. XRP remained confined within a 2% intraday range, forming a series of higher lows and confirming a short-term bullish channel. Hourly data showed a mild upward bias, with XRP advancing from $2.397 to $2.405 on elevated volume.

Technical Analysis

XRP continues to exhibit ascending channel behavior, supported by recurring volume spikes at key support levels. The $2.38–$2.39 zone remains structurally important, while $2.43 acts as the primary resistance.

Derivatives data show declining speculative activity, with open interest down 1.4% and daily volumes falling 24%. Funding rates dipped slightly negative at -0.0007%, suggesting a mild short bias. Despite this, the drop in exchange reserves supports a bullish accumulation narrative for the medium term.

Outlook

Holding above $2.38 is key for sustaining accumulation. A breakout above $2.43–$2.48 could trigger renewed momentum toward $2.65. Failure to defend current support risks a retracement to $1.96. Analysts and traders are closely monitoring volume trends — a surge above 80M on upward moves may confirm institutional accumulation and precede a volatility expansion phase.