XRP is staging a comeback with a current price of $2.47, representing a 3.41% increase. The cryptocurrency commands a market capitalization of $143.94 billion and records a 24-hour trading volume of $3.27 billion.
source:coinmarketcap
Technical Indicators: RSI and MACD are flagging caution
When we turn to the technicals, the TradingView chart shows that the RSI is at 52.99, sitting comfortably in neutral territory. This generally shows that XRP is not overbought and still has some room for further gains.
However, the MACD shows a bearish picture, with the histogram displaying negative values (-0.0033) and the MACD also indicating a bearish divergence, signaling possible diminishing momentum. If traders would like to see bullish continuation, they will be looking for a MACD crossover above the signal line. On top of that, the 24-hour volume drop the CoinMarketCap chart shares raises the alarms of weakening buying interest, which could potentially harm the upside momentum of XRP without a pickup in momentum.
source :tradingview
Exchange Reserves: How Elite XRP Holdings may affect price
In the chart from CryptoQuant, you can see a more granular look into Binance’s XRP reserves and price. Since January 2024, Binance’s reserves of XRP dropped from 3.25 billion to 2.776 billion. This is a significant drop. Historically, exchange reserves decrease when selling pressure eases, as fewer coins remain available for immediate trading.
But we have seen how those two correlations align with price, as is the case with XRP’s price, which increased from $0.60 to $2.47. For example, reserves dropped sharply in early 2024 as XRP surged, followed by smaller declines in late 2024 and early 2025, leading to short-term price consolidation.
So, based on declining reserves, we would expect that holders are moving XRP to private wallets, which is a forced bullish narrative indicating long-term conviction in holding XRP. This bullish trend may continue unless Binance reserves stabilize or increase, which could trigger more selling and limit XRP’s price growth.
source:cryptoquant
Conclusion: Can XRP Sustain Its Momentum?
XRP’s price climb to $2.47 reveals robust bullish inclination. Although XRP is approaching key resistance levels, its price movement remains uncertain. We should confirm bullish momentum the simplest way is by seeing increased volume with the price spike. Presently, the RSI hints at potential upward momentum, but the MACD and declining reserves on exchanges indicates pressure ahead. In closing, there is potential for an upward target of $3.00 should it break $2.50, but volatility should be anticipated and risk management strategies may presently consist of stop-loss orders around $2.40, if you missed earlier opportunities to secure profits.
