XRP price has mounted a notable recovery, climbing above the $2 level amid strengthening momentum across the broader crypto market. The altcoin’s ability to reclaim $2 has also allowed XRP to briefly flip BNB in market capitalization rankings, signaling renewed investor interest after weeks of consolidation. However, maintaining this position depends on continued structural support rather than short-lived speculative flows.
On-chain data highlighted that over 500 million XRP were recently transferred into an escrow mechanism designed to lock supply until 2028. This action removes more than $1 billion worth of XRP from circulation. Such supply reduction alters market conditions by limiting available liquidity during periods of rising demand. Escrow-based supply locks tend to have a stronger price impact when demand remains stable.
XRP is up about 6.7% over the past 24 hours, trading near $2.00, with resistance at $2.03 and potential to extend to $2.10 if buyers sustain momentum. However, downside risks remain, as profit-taking could push the price back toward $1.93, with a break below $1.93 opening a path to $1.86 and a shift to a neutral-to-bearish outlook. Older wallet activity has historically provided structural support during rallies, as these holders tend to sell less aggressively during pullbacks.
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