Ripple's XRP has experienced a significant increase in price, with gains of 23% over the past week. The token's exchange reserves on Binance and Upbit have also been trending upward. Despite the potential for a price decline due to the increase in reserves, XRP's price has continued to rise. Furthermore, the percentage of total XRP supply in profit has been steadily growing. On-chain data suggests that investors are holding onto their profits in hopes of further gains. XRP's weighted sentiment is also high, indicating positive sentiment from investors. The token is currently trading near $0.6200 and could continue to rally towards $0.7400. However, there is a possibility of a price correction, as indicated by the overbought RSI. A break below $0.5608 would invalidate the bullish thesis.



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