XRP Holds Above $2, but Bulls Still Await Confirmation

[johnblockbuster]

XRP has managed to stay above the psychologically important $2 level, a notable development after reclaiming its 50-day simple moving average in early January. This move is often viewed as an early signal of a trend reversal, especially following a prolonged downtrend. However, analysts caution that the current price action reflects stabilization rather than a decisive bullish breakout, with stronger confirmation needed at higher resistance levels.

Institutional behavior has helped support this range. While the broader digital asset market suffered roughly $454 million in weekly outflows, XRP-linked investment products recorded $45 million in inflows, a sharp divergence from market conditions. This influx of capital has helped XRP maintain price stability above $2, even as liquidity tightened elsewhere, suggesting its recent strength is grounded in real demand rather than short-term hype.

[ed]

holding above $2 is honestly more impressive than ppl think, market been rough everywhere