XRP Stages a Comeback, Hits $2.47 But Technicals Flash Caution

XRP is staging a comeback with a current price of $2.47, representing a 3.41% increase. The cryptocurrency commands a market capitalization of $143.94 billion

XRP, the cryptocurrency tied to blockchain payments network Ripple, has begun a massive price climb, currently trading at $2.47, up 3.41% over the last 24 hours, according to CoinMarketCap. It now has a market capitalization of $143.94 billion and a 24-hour trading volume of $3.27 billion.

Technical Indicators: RSI and MACD are flagging caution

When we turn to the technicals, the TradingView chart shows that the RSI is at 52.99, sitting comfortably in neutral territory. This generally shows that XRP is not overbought and still has some room for further gains.

However, the MACD shows a bearish picture, with the histogram displaying negative values (-0.0033) and the MACD also indicating a bearish divergence, signaling possible diminishing momentum. If traders would like to see bullish continuation, they will be looking for a MACD crossover above the signal line. On top of that, the 24-hour volume drop the CoinMarketCap chart shares raises the alarms of weakening buying interest, which could potentially harm the upside momentum of XRP without a pickup in momentum.

Exchange Reserves: How Elite XRP Holdings may affect price

In the chart from CryptoQuant, you can see a more granular look into Binance’s XRP reserves and price. Since January 2024, Binance’s reserves of XRP dropped from 3.25 billion to 2.776 billion. This is a significant drop.

Historically, exchange reserves decrease when selling pressure eases, as fewer coins remain available for immediate trading. But we have seen how those two correlations align with price, as is the case with XRP’s price, which increased from $0.60 to $2.47. For example, reserves dropped sharply in early 2024 as XRP surged, followed by smaller declines in late 2024 and early 2025, leading to short-term price consolidation.

So, based on declining reserves, we would expect that holders are moving XRP to private wallets, which is a forced bullish narrative indicating long-term conviction in holding XRP. This bullish trend may continue unless Binance reserves stabilize or increase, which could trigger more selling and limit XRP’s price growth.