XRP surged above the $2 level, overtaking BNB to rank as the fourth-largest cryptocurrency, while whales have started pulling tokens off exchanges, tightening available supply. ETF inflows and favorable technical momentum supported the rally, with analysts maintaining an $8 price target. At press time, XRP traded around $2.05, marking its highest level so far this year after an 8% surge in the past 24 hours.
The move lifted XRP’s weekly performance to a 10% gain, even though the monthly chart remained down about 6.7%. Analysts view reclaiming $2 as a psychological and technical pivot, with a hold above it potentially establishing fresh support. Some market watchers have even floated the possibility of a new all-time high. XRP’s rally has also reshaped the rankings, edging past BNB to claim the No. 4 spot behind Bitcoin, Ethereum, and Tether.
The move coincided with reports of about $3.6 billion in whale accumulation since late December, alongside steady XRP ETF inflows. On-chain data is adding another layer to the bullish narrative. Analyst John Squire, citing Glassnode data, noted that XRP exchange balances are now at an eight-year low. This signals that coins are leaving exchanges rather than flowing in.
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