TL;DR:
The price of Ripple’s asset has been weak in recent days, but on-chain data reveals a significant trend shift. In this context, XRP accumulation is gaining momentum, with $57 million leaving exchanges over the last four days, suggesting that investors are moving their funds to cold wallets for the long term.
This asset withdrawal dynamic typically precedes a reduction in the supply available for immediate sale, facilitating a price recovery. Consequently, seller exhaustion is evident while the token trades near $1.5, attracting both retail and large-scale capital looking to capitalize on the current discount.
On the other hand, institutional interest is showing a notable uptick through regulated financial products. Data from SoSoValue confirms that spot XRP ETFs have accumulated positive flows for four consecutive sessions, validating corporate investors’ confidence in the network’s future.
The association between Ripple and Jeel, the innovation division of Riyad Bank in Saudi Arabia, has been a decisive factor for the current optimism. Through this agreement, the financial entity will explore the use of blockchain technology for cross-border payments, substantially increasing the real-world utility of the XRP token in one of the Middle East’s strongest economies.
Furthermore, some technical analysts suggest that the current market structure mimics the 2017 pattern, just before one of the cryptocurrency’s greatest historical rallies. According to these projections, the asset is in a technical consolidation phase that could culminate in a massive price breakout in the short term.
In summary, the combination of favorable on-chain metrics and high-level banking adoption positions XRP for an imminent change in direction. The industry remains attentive to how this expansion into the Saudi market influences global liquidity and whether this accumulation period finally manages to break the current $2 resistance.
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