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The price of XRP has seen a remarkable recovery, rising above the $2 level amid strengthening momentum in the broader cryptocurrency market. This transition was supported by an improvement in risk perception; However, the rise of XRP is not only limited to market conditions.
The ability of the altcoin to recover $2 also allowed XRP to temporarily change the value of BNB in ​​the market ranking. This development marks a return of investor interest after weeks of consolidation.
However, maintaining this position depends on continued structural support rather than short-term speculative flows.
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XRP holders are showing strength
Data on the chain showed that more than 500 million XRP were recently transferred into an escrow mechanism designed to lock the supply until 2028. This action removes more than $1 billion from XRP from trading. This decrease in supply changes market conditions by reducing available liquidity during periods of increased demand.
Fund-based supply blocks tend to have a stronger price impact when demand remains stable. XRP benefits from continued corporate and institutional interest.
With fewer tokens available for trading, even small increases in demand can lead to exaggerated price reactions, creating the conditions for a potential supply shock.
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Macro momentum indicators also reinforce the bullish narrative. The indicator of net position change in favor of HODL shows that long holders are returning to accumulation. Over the past week, wallets marked as LTH have continuously increased their XRP holdings.
This accumulation represents a clear reversal after almost a month of sustained selling pressure. Long holders usually reduce exposure during uncertainty and re-enter when confidence returns. Their renewed buying indicates a belief in a continued rise in XRP rather than a short-term price rise.
Old portfolio activities often provide structural support during demonstrations. These holders tend to sell less aggressively during a pullback, reducing downside volatility.
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As LTH accumulation increases, price stability improves, Allow XRP to build Higher support levels with a reduced risk of sharp corrections.
XRP price reaches critical level
The price of XRP is up 6.7% in the last 24 hours, trading near $2.00 at the time of writing. While retracing this level is a psychological sign, confirmation is still key. XRP must be secured $2.00 as support to maintain bullish momentum and avoid a false breakout.
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The immediate resistance is $2.03. A decisive move above this level, followed by consolidation, will confirm a bullish continuation pattern.
If that materializes, XRP could extend gains toward $2.10, where additional liquidity and historical resistance exist.
However, downside risks still exist. New holders who have been waiting almost three weeks for favorable exit terms could start taking profits.
If selling pressure intensifies, it may return XRP At $1.93. Losing this support will expose the price to $1.86, invalidating the bullish thesis and returning the neutral to bearish outlook.
