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The price of XRP is on the rise. Since the low on February 6, the token has surged approximately 38% to reach $1.55. In contrast, Bitcoin and Ether have only seen gains of around 15%.
This kind of disparity does not occur by chance.
Following a recent wave of liquidations that impacted the market, traders appear to be gravitating towards XRP as the higher beta option. When momentum returns, capital typically flows towards the assets that exhibit the most rapid movement. Currently, that asset is XRP.
Key Takeaways
- XRP has increased by 38% to $1.55 since early February, outperforming BTC and ETH (15%).
- Binance reserves have decreased by 192 million XRP, indicating notable accumulation.
- Technical targets are set at $2.40 if the ongoing supply shock narrative persists.
Is Smart Money Shifting? What Lies Ahead for XRP Price
Bitcoin is trading near $68,920. Ether is around $1,982. Solid recoveries, indeed. However, XRP has experienced a nearly vertical ascent, rising over 5% in just the last 24 hours and reaching $1.55.
This level of outperformance typically suggests that capital is reallocating. With Bitcoin ETFs experiencing recent outflows, traders are seeking better opportunities elsewhere.
Xrp (XRP)24h7d30d1yAll time
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Bitcoin still appears uncertain, attempting to confirm a genuine reversal. In contrast, XRP currently has clear catalysts driving its movement. There is optimism surrounding Ripple’s regulatory stance, increasing discussions about ETFs, and a strong narrative.
Supply Shock Indicators to Monitor
An intriguing supply squeeze is developing. Data indicates that Binance XRP reserves fell by approximately 192.37 million tokens between February 7 and 9. This represents about a 7% reduction, bringing total holdings down to 2.553 billion—levels not seen since early 2024.
When exchange balances decline so rapidly, it often signifies that larger players are transferring coins into cold storage. We have witnessed similar scenarios before. A comparable wave of withdrawals occurred just before XRP surged from $0.60 to $2.40 in late 2024.
In the near term, traders are concentrating on the $1.91 resistance level. A clean break above this level could pave the way toward previous cycle highs.
Source: XRPUSD / TradingView
This week presents a significant stress test. The release of Fed minutes is imminent, along with Core PCE data. Both events have the potential to disrupt the entire market in a matter of seconds.
If macroeconomic factors induce volatility, XRP will be affected. However, the critical level to watch is $1.45. If the price can maintain that zone while other assets experience turbulence, it indicates strength. Strength amid chaos is what propels the next upward movement.
A sustained hold above that level keeps the $2.40 target viable, especially as options markets are already factoring in a substantial chance of that breakout occurring this year.
The post XRP Price Outruns Bitcoin and Ether as Post-Crash Rotation Favors Ripple Token appeared first on Cryptonews.
