XRP has erupted, a dazzling 27% ascent over the past week, fueled by endless ETF swoons and insatiable demand. The price has shattered a formidable barrier at $2.725, and lo! The illustrious $3 threshold seems as tangible as a mirage in the desert.
But wait! On-chain whispers murmur of a cooling tempest. Two ominous metrics rise like smoke signals, foretelling a potential short-lived regression before the next chaotic surge begins.
Most XRP Holders Are Feasting on Gains 🍽️
Over 98% of XRP in circulation is now basking in the sunshine of profit. A cheerful army of holders scooped up their XRP at far lower prices, and now they’re grinning from ear to ear!
While this buoyant sentiment elicits cheers, it also sows the seeds of risk. When everyone’s reaping rewards, it’s oh-so-tempting for some to cash out. After such a meteoric rise, who wouldn’t want to take a little profit stroll? This could certainly erect temporary barriers against further soaring.
Supply in Profit simply illustrates how much of the XRP bounty is presently worth more than its humble beginnings. Just imagine, a feast fit for kings!
XRP Supply on Exchanges is Skyrocketing 📈
The floodgates of XRP onto exchanges are wide open, swelling to a staggering 3.949 billion tokens—the highest in a mere four months. This sudden influx aligns perfectly with XRP’s rollercoaster rise from $2.16 to a thrilling $2.83. Remarkably, over 519 million XRP—valued at around $1.47 billion—have rushed into exchanges since June 23. Talk about a party!
Unless the big players come charging in to snatch up this extra supply with the fervor of children on a sugar high, this colossal liquidity could very well pull the price down like a lead balloon. Oh, the drama!
Exchange Balance cleverly tracks the XRP congregation on centralized exchanges, ever-poised for trade. Sudden spikes in this metric often presage an imminent tsunami of selling. 🎉😱
XRP Price Update: Pullback, But Remain Bullish! 🌟
XRP saunters just shy of the $2.90 mark after bursting past the $2.725 resistance, which is simply the 0.786 level of our Trend-Based Fibonacci wizardry, mapped from April’s low to May’s high and then to June’s dip. Confused yet? No worries, it’s all just market magic!
The next formidable barrier looms at $2.949. Should the sellers play their cards, potential support is lurking at $2.725 and $2.550. A deeper dive would only push the XRP into the depths of its late April range, should the “Supply in Profit” crew decide to unleash their stashes with exuberance.
However, should our beloved XRP transcend the $2.949 resistance, followed by a dip in exchange balance, our pullback whisper might dissipate like morning mist, almost heralding the next exhilarating chapter of its price ascent. Buckle up! 🚀
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2025-07-14 13:46