![\"Can](\"https:\/\/coingape.com\/wp-content\/uploads\/2025\/03\/xrp-us.webp\")
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XRP price climbed 14% on Wednesday clawing back half of the losses booked when Trump announced tariffs on Monday. On-chain data trends suggest the majority of those who acquired XRP in the last 24 hours are opting to hold long-term. Could the thinning market supply send XRP price rallying towards $20?<\/p>\n
Ripple (XRP) volatility starting March 2025 extended into Tuesday. Since the start of the month XRP has failed to establish directional momentum as contrarian market catalyst counteracted.<\/p>\n On Tuesday, the US secretary of commerce hinted that Trump could ease tariffs levied on Canada and Mexico.<\/p>\n Anticipating a lesser inflationary impact, traders flooded the crypto markets with buy orders.<\/p>\n Notably, investors directed considerable attention towards the five assets handpicked for in trump\u2019s crypto strategic reserves.<\/p>\n As seen above Ripple price<\/a> rose 14% on Wednesday, moving from the $2.20 lows recorded on Tuesday to reclaim the $2.50 level at price time.<\/p>\n While XRP price stagnated at the $2.50 resistance on Wednesday, recent on-chain data suggests that bears may struggle to exert downward pressure.<\/p>\n Transaction flows on Binance<\/a> indicate that whale investors capitalized on the recent market dip to accumulate large volumes of XRP and transfer significant amounts into long-term storage.<\/p>\n Validating this stance, the CryptoQuant<\/a> chart above shows that XRP deposits on Binance surged past 2.9 billion on March 2.<\/p>\n However, since then, a notable withdrawal of 25 million XRP has reduced total exchange deposits to 2.87 billion as of March 5. At current prices, the withdrawn tokens are valued at approximately $500 million.<\/p>\n When exchange deposits decline during a market dip, it typically signals that most active traders are moving their assets from trading wallets into cold storage or other long-term holdings.<\/p>\n This suggests increased confidence among long-term holders, reducing the available supply of XRP on exchanges and setting the stage for a potential supply squeeze.<\/p>\n Institutional investors, known for their sophisticated trading strategies, frequently use encrypted cold storage to secure large holdings. This trend could contribute to a sustained reduction in XRP\u2019s exchange supply, potentially fueling a long-term price rally.<\/p>\n Furthermore, speculation surrounding institutional adoption\u2014including potential XRP ETFs<\/a> and the possibility of the U.S. Treasury adding XRP to its strategic reserve\u2014could further reduce the supply of XRP available for trading on exchanges.<\/p>\n If these macroeconomic catalysts materialize, the resulting supply squeeze could drive XRP toward the highly anticipated $10 price level.<\/p>\n XRP price remains cautiously neutral after failing to reclaim the $2.50 resistance level, with conflicting signals emerging from technical indicators.<\/p>\n The Bollinger Bands suggest volatility compression, as the price fluctuates between the midline at $2.4976 and the lower band near $2.0616.<\/p>\n A decisive move above the upper band at $2.9337 could open the door for a breakout rally toward $3.00, while rejection at current levels risks further downside.<\/p>\n The Relative Strength Index (RSI) at 49.19 hovers in neutral territory, indicating a balance between buyers and sellers.<\/p>\n However, its proximity to the 50 threshold suggests that momentum could tilt in either direction.<\/p>\n If XRP price climbs above $2.50 with increasing volume, the RSI could confirm a bullish resurgence, reinforcing buying pressure.<\/p>\n Conversely, a drop below 43.37 on the RSI could signal renewed bearish momentum, pushing price toward the psychological $2.00 support.<\/p>\n The Parabolic SAR dots below the price action indicate an ongoing attempt at trend reversal, but the asset must hold above $2.30 to maintain this bullish structure.<\/p>\n Failure to do so may trigger another wave of liquidations, potentially driving price back into the $2.00-$2.03 demand zone.<\/p>\n If bulls defend this level, XRP could regain strength and target the $3.00 breakout.<\/p>\n The post Ripple (XRP) Price Could Reach $10 if this Binance Trading Signal Persists<\/a> appeared first on CoinGape<\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":" XRP price climbed 14% on Wednesday clawing back half of the losses booked when Trump announced tariffs on Monday. On-chain data trends suggest the majority of those who acquired XRP in the last 24 hours are opting to hold long-term. Could the thinning market supply send XRP price rallying towards $20? Ripple (XRP) rebound 14% […]<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[8],"tags":[188,183,185,186,187,184,189,150,182,190],"class_list":["post-378893","post","type-post","status-publish","format-standard","hentry","category-technology","tag-blockchain-tech","tag-blockchain-technology","tag-crypto-technology","tag-cryptocurrency-technology","tag-metaverse-technology","tag-nft-technology","tag-soul-bound-token","tag-tech","tag-technology","tag-token-technology"],"_links":{"self":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/378893","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/comments?post=378893"}],"version-history":[{"count":0,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/378893\/revisions"}],"wp:attachment":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media?parent=378893"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/categories?post=378893"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/tags?post=378893"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}![\"Ripple](\"https:\/\/coingape.com\/wp-content\/uploads\/2025\/03\/Screen-Shot-2025-03-06-at-2.05.58-AM.png\")
XRP Deposits on Binance Plunge by 25 Million This Week, Signaling Bullish Whale Activity<\/h2>\n
![\"Ripple](\"https:\/\/coingape.com\/wp-content\/uploads\/2025\/03\/Screen-Shot-2025-03-06-at-1.44.15-AM.png\")
Can XRP Price Reach $10?<\/h2>\n
Technical Analysis: $3 Breakout Ahead if Key Support Levels Hold<\/h2>\n
![\"XRP](\"https:\/\/coingape.com\/wp-content\/uploads\/2025\/03\/Screen-Shot-2025-03-06-at-1.46.13-AM.png\")