Analysis for the Investor: XRP

The reduction of XRP on exchanges is a sign that investors are withdrawing their tokens to hold them long-term (HODL) or to stake outside of the exchange. This behavior supports the technical momentum we observe. If the price manages to break the resistance of $2.28 - $2.30 with volume, it is very likely that a short squeeze will be triggered, rapidly pushing the price towards $2.68 - $3.00.