• XRP’s 15‑month low at $1.12 may be a new generational bottom after a 50% rally to $1.67. • Exchange‑held XRP fell to a five‑year low, indicating holders are moving tokens to self‑custody. • Funding rates hit historic lows, suggesting a potential bottom and reduced selling pressure. • Positive spot taker CVD and steady ETF inflows signal growing institutional demand for a rebound. • Binance’s XRP reserve dropped sharply to 2.57 billion, while SMA(50) and SMA(100) trend downward. • Intraday price still 60% below multi‑year high, but data points hint at a sustained recovery.
Article Summaries:
- XRP (XRP) recovered 50% to a high of $1.67 from its 15-month low of $1.12 reached on Feb. 6. While the altcoin’s intraday price of $1.43 remains more than 60% below its multi-year high of $3.66, several metrics suggest that the local low at $1.12 could be the new bottom with XRP price set for a sustained recovery. Key takeaways: XRP supply on exchanges has dropped to a five-year low as holders moved tokens to self-custody, possibly signaling reduced selling pressure. Funding rates are at extreme lows, suggesting a potential bottom. Positive spot taker CVD, and steady ETF inflows signal strong
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