XRP Price Set to Skyrocket?
Why Investors Should Watch These Key Levels!
Ripple (XRP) has stabilized above $2.40 on Friday, posting a 23% weekly gain. The price rose following the confirmation of Ripple CEO Brad Garlinghouse’s attendance at the White House Summit, fueling speculation about regulatory changes.
XRP Price Action and Market Sentiment
XRP has held above the $2.40 support level, showing resilience despite market volatility. Investor sentiment is positive ahead of the summit, where President Trump will meet crypto executives to discuss regulations and digital asset reserves.
XRP Outflows from Binance Indicate Long-Term Accumulation
On-chain data shows significant XRP withdrawals from Binance. As of March 2, Binance held 2.9 billion XRP, which dropped to 2.85 billion by Friday, reflecting a $130 million outflow. This suggests investors are shifting assets to long-term storage, potentially anticipating U.S. Treasury purchases.
XRP Price Forecast: Bullish Momentum with Risks
XRP Price has surged 19.33% in two days, supported by strong accumulation. The MACD indicator has turned positive, signaling potential gains. However, XRP must maintain $2.40 support to keep the bullish trend. A break below this level could lead to a drop toward $2.20, while a recovery above $2.60 would reinforce the uptrend.
For a more detailed XRP price prediction 2030, check out our full analysis!
While XRP is currently showing strong bullish signals, it faces risks of short-term volatility. Traders will need to watch the $2.40 support level closely. If XRP can maintain momentum and break above $2.60, it could see further gains. However, a break below $2.40 could lead to deeper losses.
