XRP Price Shows Promise Above $2.15: Here's Why

XRP Price Shows Promise Above $2.15: Here's Why

XRP’s price has surged by 12% since it dipped below the $2 threshold on November 21. This upward movement has allowed it to reclaim vital support levels. The increase in network activity, continual institutional interest, and a decrease in availability on exchanges may lead to a consistent price recovery.

Key Takeaways:

A surge in XRP ledger velocity and activities from large holders, known as whales, points to rising network engagement and demand.
The reduced supply of XRP on exchanges suggests strong accumulation by current holders.
Bulls are looking to confirm solid support at $2.15 as they seek the next price increase.

XRP Ledger Velocity Hits a Yearly High

The XRP Ledger has experienced a notable increase in velocity, reaching an annual peak of 0.0324 on Wednesday, according to data from CryptoQuant. Velocity indicates how frequently XRP is circulated within the XRP Ledger over a certain period.

Related: XRP Approaches a Critical Moment as Traders Anticipate a Push to $2.50

A high velocity indicates active use of XRP for various economic activities and on-chain transactions, rather than it simply being held, as noted by CryptoQuant analyst CryptoOnchain in a prompt analysis.

XRP Ledger Velocity

The data confirms that the XRP Ledger is undergoing one of its most active phases in 2025, with user participation reaching significant levels. Further charts from CryptoQuant demonstrate consistently high values in the spot average order size metric over 30 days, indicating that whales are increasingly active in the spot market.

XRP Ledger Spot Average Order Size

This combination of high velocity and whale engagement reflects broader user adoption and interaction with the XRP token, which could positively influence its price.

XRP Supply on Exchanges Dips to Seven-Year Lows

Recent data from Glassnode reveals a substantial decrease in XRP's availability on exchanges over the past 30 days. The XRP balance on exchanges fell by 930 million tokens to 2.7 billion as of Wednesday, from 2.63 billion on November 1—marking levels last seen in September 2018.

XRP Reserve on Exchanges

This reduction in supply highlights a lack of selling intent among holders, therefore suggesting an environment ripe for price increases. Sharp declines in available supply have coincided with record outflows from exchanges, marking a net position change among exchanges of 1.4 million XRP—this is the largest spike ever recorded, as per Glassnode's reports.

XRP Exchange Net Position Change

Such outflows typically indicate that large holders are accumulating tokens, often moving them to cold storage or investing in other financial products, which lessens the immediate selling pressure.

XRP Contains Strong Support Above $2.15

XRP’s latest rebound has allowed it to reclaim a significant support level at $2.15, which is also reinforced by the 50-period simple moving average (SMA).

Historically, reclaiming this trendline has been a precursor to substantial recoveries in XP’s price, as illustrated in the accompanying chart.

XRP/USD Four-Hour Chart

Data from Glassnode’s UTXO realized price distribution (URPD) indicates that $2.15 serves as a crucial support point, where investors purchased 3.6 billion tokens.

XRP UTXO Realized Price Distribution

As reported by Cointelegraph, additional factors such as sustained spot ETF inflows and a bullish divergence in the Relative Strength Index (RSI) on price charts indicate a growing likelihood of an XRP rally.