Although XRP prices recently retreated from $2.41, market sentiment remains optimistic, with a 14.5% increase this month. Market data shows that retail traders are attempting to buy the dip around $2, which contrasts sharply with the $17.7 million outflow of funds in XRP spot ETF history. Since mid-November, whale holdings have increased, while the lower "Coin Days Destroyed" indicator suggests a significant lack of profit-taking activity. Spot market data indicates that buyers are in the lead, consistent with the supply trend of whales. Analysts believe that if Bitcoin breaks through the $94,500 resistance level, XRP's rally could continue above $2.4.
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Although XRP prices recently retreated from $2.41, market sentiment remains optimistic, with a 14.5% increase this month. Market data shows that retail traders are attempting to buy the dip around $2, which contrasts sharply with the $17.7 million outflow of funds in XRP spot ETF history. Since mid-November, whale holdings have increased, while the lower "Coin Days Destroyed" indicator suggests a significant lack of profit-taking activity. Spot market data indicates that buyers are in the lead, consistent with the supply trend of whales. Analysts believe that if Bitcoin breaks through the $94,500 resistance level, XRP's rally could continue above $2.4.