XRP Holds Near 2 as Large Wallets Accumulate Amid Ripple Moves

XRP traded near the mid 2 dollar range this week as onchain data showed heavy accumulation by larger wallets while price action remained rangebound and volatile. Investors and traders are watching whether recent corporate moves by Ripple and a sharp reduction in speculative leverage will prompt a sustained recovery or leave the token vulnerable to further declines.

Blockchain analytics firms reported that the number of wallets holding at least 10,000 XRP reached an all time high of about 317,500, a sign that mid‑to‑large holders have been increasing positions through recent weakness. At the same time, exchange balances for XRP have fallen sharply, with substantial outflows recorded in recent weeks, a pattern market participants say reduces immediate sell pressure. Several analytics providers also flagged a marked drop in futures leverage in October, which they said flushed excess long positions and left the market less encumbered by forced liquidations.

Price has oscillated in a narrow corridor roughly between 2.30 and 2.55, with multiple analysts pointing to critical technical levels. Short‑term resistance clusters around the 2.6 to 2.7 area, while support between 2.0 and 2.3...