Is XRP Price Rally Sustainable While Whales Pull Tokens Off Exchanges?
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- XRP breaks above $2, overtaking BNB to become the fourth-largest crypto.
- Whales are pulling XRP off exchanges, tightening supply amid long-term positioning.
- ETF inflows and technical momentum support the rally, with analysts maintaining an $8 target.
XRP is back in the spotlight after breaking above the key $2 level. Its price action, on-chain data, and ETF inflows are all pointing to renewed momentum. But as optimism builds, analysts are debating whether this rally has strong foundations to break a new all-time high.
XRP Breaks Above $2 as Momentum Builds
At press time, XRP is trading around $2.05, marking its highest level so far this year after an 8% surge in the past 24 hours. This move has lifted XRP’s weekly performance to a 10% gain, even though the monthly chart still reflects a 6.7% decline.
The reclaim of $2 is important. Analysts see this level a…
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