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XRP stabilizes at the $2 support level, on-chain data reveals accumulation signals
【Crypto World】XRP is currently consolidating around $2.05, holding above the key support level of $2. From a technical perspective, all indicators are signaling a clear bullish trend. Demand support is mainly distributed around $1.80-$2.00, while resistance is located in the $2.30-$2.70 range.
What’s even more interesting is that on-chain data is telling a story. The balances of top wallets remain stable, indicating that large holders are not moving; meanwhile, exchange reserves are decreasing—which usually means coins are flowing into personal wallets, a typical accumulation pattern. There are no signs of selling; instead, it seems long-term holders are quietly building positions.
From a technical standpoint, two key points to watch: if the price can break through $2.30, then $2.70 will become the next target; conversely, if it falls below $2, the current bullish pattern will be broken.