XRP Price Surge: Strong Start to 2025
XRP has started 2025 with a 7% gain, extending its rally from New Year’s Day. This surge is driven by long-term holders accumulating XRP while short-term holders took profits. With buyers dominating across major exchanges, XRP is now testing key resistance at $2.9. Targeting $2.9 Resistance Having broken out of a key symmetrical triangle pattern, XRP is now eyeing the $2.9 resistance level. If long-term holders continue their accumulation, XRP could overcome this resistance and aim for new all-time highs. Long-Term Holders Drive Growth On-chain data shows long-term holders are accumulating XRP, as reflected by the rising Mean Coin Age metric. This suggests confidence in XRP’s future, while short-term holders took profits, as seen in the Dormant Circulation (90d) metric. Exchange Flow Trends Data from major exchanges like Binance, OKX, Bitstamp, and Bybit shows net outflows, indicating that buying pressure is dominant. Coinbase recorded the only net inflow, confirming that XRP's g...