XRP Price Soars 23% – Will It Break $0.74?

 XRP has surged by 23% in the past week, with its price rising alongside increasing exchange reserves—an unusual trend. Despite this, investors are holding their profits, suggesting further upside potential.

XRP Price Surge and Key Resistance

  • Recent Price Movement:
    XRP gained 8% on Monday, bringing its weekly increase to 23% as per Coinpedia Markets data. A breakout above a key descending channel suggests it could target $0.74.



  • Next Target:
    If momentum continues, XRP may push higher, potentially testing the $0.74 level.

    To learn more about  XRP price and what experts forecast for the future, check out our detailed XRP price prediction article.

Rising Exchange Reserves: A Bullish Twist


  • Exchange Reserve Increase:
    XRP’s Binance and Upbit reserves have risen recently—an increase typically signaling potential selling pressure.

  • Price Defying Trends:
    Despite this, XRP’s price continues to climb, suggesting investors are holding rather than selling.

XRP On-Chain Data: Bullish Indicators


  • Profits and Market Sentiment:
    XRP's on-chain metrics further support the case for continued price growth. The percentage of total XRP supply in profit has climbed to 85%, indicating that a large majority of holders are in the green. Moreover, the Market Value to Realized Value (MVRV) ratio recently crossed 56%. This metric reflects the average profit or loss of all XRP holders, and such a high figure typically signals strong market confidence.

  • No Profit-Taking Yet:
    During bull markets, it’s common for investors to take profits when their holdings become significantly profitable. However, XRP’s Network Realized Profit/Loss has remained steady at zero since November 5, indicating that investors are holding onto their profits rather than cashing out.

  • Social Sentiment:
    XRP’s Weighted Sentiment has also spiked, reaching 0.066 in the past 24 hours. This metric gauges the overall social sentiment surrounding XRP and reflects the positive mood in the market. An increase in sentiment suggests growing confidence from investors, which could lead to continued buying pressure.

 XRP's Path to $0.74

Despite the rise in exchange reserves, XRP’s price has continued to climb, driven by strong on-chain data and growing investor sentiment. With a steady increase in profits, a bullish technical breakout, and high levels of positive sentiment, XRP’s rally could extend toward the $0.74 mark. If investors continue to hold their positions and sentiment remains positive, the path ahead looks promising for XRP.

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