Ripple (XRP) price prediction: Investors move $142 million as Brad Garlinghouse donates to Trump lobby

The chart above shows that investors held 3.27 billion XRP on exchanges as of November 16th. However, as of publication on November 28, that number has dropped to 3.12 million.

This shows that investors have moved 150 million XRP coins from exchanges to long-term cold storage options in the last two weeks. At the current price of $1.58 per coin, investors have effectively withdrawn $232 million from XRP’s short-term market supply.

Tightening market supply has helped accelerate XRP’s price rise, as Gensler’s exit and Ripple Labs’ donation to the Trump lobby sparked increased demand this week.

If the downward trend in foreign exchange reserves continues, the XRP price could potentially rise towards the $2 mark in the coming days.

XRP Price Prediction: A close above $1.55 could trigger a breakout above $2

XRP’s recent price action suggests a continuation of the uptrend as it hovers around the $1.55 level, supported by the Donchian Channels indicator. The upper channel boundary near $1.63 marks critical resistance, and a sustained close above this level could confirm a breakout towards $2.

The midline of the Donchian channel, located around $1.09, serves as a solid support level and underpins the ongoing bullish momentum.