XRP has experienced a strong rally at the beginning of 2025, leading to questions about whether it is due to bullish price action or a shift in market sentiment. On-chain data reveals a decrease in XRP reserves on exchanges, indicating significant accumulation by whales and long-term holders. Binance, in particular, has witnessed a drop in its XRP reserve and a significant outflow of tokens. The increasing volume on decentralized exchanges is also seen as a positive sign for XRP holders. Technical analysis suggests that if XRP can maintain support above the $2.30 mark, it could rally by 80% to reach $4.40 in the future. Overall, the combination of on-chain metrics, growing DEX volumes, and strong technical patterns make XRP a promising investment for 2025, but investors should remain cautious and monitor key support levels.
- Content Editor ( coinpedia.org )
- 2025-01-03
XRP Starts 2025 with a Bang, Will the Rally Continue?