- More than 4.8 billion XRP changed hands between $1.31 and $1.38, making the zone a key support area during the correction.
- U.S. spot XRP ETFs bought over $105 million last week, adding demand as XRP tested support and a bullish flag.
- Binance XRP reserves fell by 500 million to 2.6 billion, reaching levels last seen in February 2024 as analysts watch $2.
XRP is testing a key support zone as ETF buying rises and exchange reserves fall, according to analysts Ali Charts and Crypto Patel. More than 4.8 billion XRP changed hands between $1.31 and $1.38, while U.S. spot XRP ETFs bought over $105 million last week, adding fresh demand during the correction.
XRP Tests Support as ETF Buying Rises
Ali Charts said XRP is trading above the $1.31-$1.38 support zone. He noted that more than 4.8 billion XRP were previously acquired across that range. The analyst said the area could hold during the current correction.
Meanwhile, U.S. spot XRP ETFs recorded more than $105 million in XRP purchases last week. However, Ali Charts said the ETF buying has not yet translated fully into price strength. He also identified a bullish flag forming on XRP’s hourly chart.
XRP is currently testing the flag’s support, according to his analysis. An hourly close above $1.38 would confirm the breakout, with $2 then becoming the target he highlighted. That makes the $1.31-$1.38 range the main level under watch. Price action around this zone will determine whether the reported setup remains intact.
Binance XRP Reserves Drop to 2024 Levels
Crypto Patel reported a separate change involving XRP held on Binance. According to the analyst, Binance reserves fell from 3.1 billion XRP to 2.6 billion XRP. That represents a decline of about 500 million XRP, valued at roughly $675 million.
Patel said Binance’s XRP reserves had reached levels not seen since February 2024. The reserve decline came despite XRP gaining nearly 30% last month. Patel highlighted the change as XRP holdings on the exchange continued to fall.
The figures add another point to the market data cited by the analysts. While ETF purchases increased, exchange-held XRP also declined during the period.
XRP Price Levels Remain Under Watch
Ali Charts identified $1.31-$1.38 as the main support range for XRP. The analyst also linked a break above $1.38 with confirmation of the hourly bullish flag. The analysis does not identify another support below this range.
Above it, the stated target remains $2 after breakout confirmation. Meanwhile, Crypto Patel focused on the reduction in Binance reserves. The analyst reported that XRP gained nearly 30% last month despite the reserve decline.
