Key Takeaways
- Amid the recent price dip, Binance’s XRP reserves dropped by 3 million tokens, hinting at potential accumulation.
- Price action shows a strong recovery and could see another 18% rally if XRP holds above the $2.24 level.
- Coinglass data reveals that 72.95% of Binance traders are currently betting on the long side.
The recent price dip in XRP has been swiftly seized by whales and investors, as 3 million tokens moved off Binance over the past week. TradingView data shows that XRP plunged more than 20% during the same period.
However, this potential accumulation by market participants has triggered a sharp reversal from $2.06 to the current $2.28 level, raising the question, is this an ideal buying opportunity or just a temporary correction before another fall?
XRP Price Action and Technical Analysis
As of press time, XRP is trading at $2.28, up over 3.85% from the previous day, according to TradingView data. During this period, market participation increased, resulting in a 10% jump in the asset’s trading volume to $8.62 billion.
This price uptick has helped XRP reclaim its crucial support level of $2.24, which it has held since the beginning of October 2025. According to TimesCrypto’s technical analysis on the daily chart, if XRP’s upside momentum continues and it sustains above the $2.28 level, the asset has the potential to soar another 18% and may reach the $2.65 level in the near future.
However, if the momentum fails and XRP’s daily candle closes below the $2.23 level, it could be a red alert for holders, as this may open the door for a further decline. In that case, $2 could act as the key support level for XRP.
Despite the recent price recovery, technical indicators such as the CMF (Chaikin Money Flow) and the Supertrend remain bearish.
On the daily chart, XRP’s CMF stands at -0.01, indicating weak capital inflow and a lack of strong buying pressure in the market, suggesting that bullish momentum remains limited for now. Meanwhile, the Supertrend indicator continues to flash a red signal, suggesting that the asset remains in a downtrend.
Bullish Derivatives Strengthen XRP’s Outlook
Derivative data platform Coinglass has also highlighted notable activity among long-term holders, who appear to be strongly betting on long positions.
As of press time, Binance’s XRPUSDT Long/Short ratio has reached 2.70, indicating strong bullish sentiment among traders. The data further reveals that 72.95% of Binance traders are currently betting on the long side, while 27.05% are positioned short.
When combining derivative data with on-chain metrics, it becomes evident that XRP bulls are currently dominating the asset. The strong accumulation trend, coupled with increasing long positions, signals renewed investor confidence and suggests that bullish momentum could continue in the near term.
