The post XRP Bulls Fight Back Above $2.50 as 960 Million Tokens Exit Exchanges Amid Triangle Breakout Setup appeared on BitcoinEthereumNews.com.

Iris Coleman
Oct 31, 2025 18:31

XRP trades at $2.51 with 3.1% gains as massive exchange outflows signal accumulation while technical patterns point to potential $3.13 resistance test ahead.

Quick Take • XRP trading at $2.51 (up 3.1% in 24h) • Nearly 1 billion tokens moved off exchanges indicating institutional accumulation • Testing upper bounds of symmetrical triangle pattern near $2.55 resistance • Following broader crypto recovery with Bitcoin showing strength Market Events Driving Ripple Price Movement The most significant catalyst affecting XRP price this week has been the massive movement of 960 million tokens off centralized exchanges, worth approximately $2.3 billion at current valuations. This substantial outflow typically signals growing investor confidence and long-term accumulation strategies, as tokens moved to cold storage indicate reduced selling pressure. The exchange exodus coincides with XRP price testing critical technical levels within a symmetrical triangle pattern that has been forming over recent trading sessions. Technical analysis suggests XRP is approaching the apex of this consolidation, with a potential breakout toward the $3.13 resistance level that could trigger further upside momentum. In the absence of major regulatory developments or partnership announcements, XRP price movement has been primarily driven by these technical factors and on-chain metrics. The token’s ability to hold above the $2.50 psychological level despite earlier selling pressure demonstrates underlying demand strength. XRP Technical Analysis: Consolidation Breakout Setup Price Action Context XRP price currently trades above its 20-day simple moving average at $2.48, providing near-term support for the current rally. However, the token remains below key resistance levels including the 7-day SMA at $2.57 and the 50-day SMA at $2.73, indicating the need for sustained buying pressure to confirm a bullish reversal. The current positioning within Bollinger Bands shows XRP at 58% of the band…

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Filed under: News - @ November 1, 2025 8:27 am