- XRP jumps 12% after dipping below $2, now holding support at $2.15.
- Ledger velocity and whale activity are at some of 2025’s highest levels.
- Exchange balances hit 7-year lows, signaling strong accumulation and reduced selling pressure.
XRP has clawed its way back above key support after sliding under the $2 mark on Nov. 21, now trading near $2.15 after a solid 12% rebound. Fresh onchain data shows a surge in ledger activity, high whale participation, and a steep drop in exchange supply — all signs that XRP may be gearing up for a stronger move if bulls can hold the line.
XRP Ledger Velocity Hits Highest Level of 2025
According to CryptoQuant, XRP ledger velocity spiked to 0.0324, its highest reading this year. Velocity measures how frequently XRP moves across the ledger, and sharp increases often reflect active economic usage rather than passive holding.
CryptoQuant analyst CryptoOnchain noted that this kind of spike typically signals:
• High liquidity
• Greater trader involvement
• Significant whale-level movements
In other words, the XRP Ledger is experiencing one of its most active periods of 2025, with user engagement hitting new peaks.
Additionally, spot average order size has remained elevated for 30 straight days. That means large players — whales — have been consistently active, adding further momentum to the network’s rising activity.
XRP Supply on Exchanges Drops to 7-Year Lows
Glassnode data shows a dramatic drop in exchange balances, with XRP holdings falling from 2.63 billion to 2.7 billion over the past month — levels not seen since September 2018. This drop in supply is critical: fewer tokens on exchanges generally means fewer tokens available to sell, increasing the chance of upward price pressure.
Exchange net outflows also hit a record spike, with 1.4 million XRP leaving trading platforms in one of the largest accumulation events in XRP’s history. These tokens typically flow into cold storage or long-term investment products, further reducing sell-side pressure.
Bulls Aim to Hold the Crucial $2.15 Support
XRP’s bounce reclaimed the $2.15 level, now backed by the 50-period SMA, a trendline that has historically marked the start of major upside moves.
Glassnode’s UTXO Realized Price Distribution indicates that this area is the strongest support zone on the chart, with 3.6 billion XRP acquired near this price — meaning many holders are heavily anchored here. If bulls defend $2.15, XRP may be positioned for its next leg up, especially with ETF inflows rising and RSI showing bullish divergence.
If these trends continue, XRP could see a sustained recovery attempt — with traders eyeing the next major resistance levels at $2.30, $2.45, and the long-watched $2.50 zone.
