XRP price has surged 12% since dropping below $2, thanks to increased network activity and institutional demand. Reduced supply on exchanges could lead to further price recovery, with bulls eyeing strong support at $2.15. XRP Ledger velocity hit 2025 highs, indicating high user engagement and whale activity.

XRP balance on exchanges has dropped to seven-year lows, with a sharp decrease in supply as holders refrain from selling. Record exchange outflows suggest strong accumulation by large holders, reducing sell-side pressure. XRP’s recent recovery has seen it reclaim key support at $2.15, supported by the 50-period SMA.

High velocity and increased whale activity signify adoption and interaction with XRP, positively impacting its price. Glassnode data confirms the XRP Ledger’s most active period in 2025, with whales increasingly active on the spot market. UTXO realized price distribution shows $2.15 as significant support, with bullish indicators pointing towards an XRP rally.

Read more at Cointelegraph: Can It Resume Its Bull Market Uptrend?