XRP price presses into mid-range resistance as Binance supply drops to lowest level of 2025
PositiveCryptocurrency

- XRP is currently trading near $2.20, experiencing a slight 0.5% gain in the past 24 hours, while its supply on Binance has dropped to the lowest level of 2025, indicating reduced sell-side pressure. This development comes after a recent decline where XRP's price fell to a six-week low of $2.12 due to profit-taking and reduced trading activity.
- The decrease in supply on Binance is significant as it may alleviate selling pressure on XRP, potentially stabilizing its price and allowing for a recovery. This situation is crucial for investors and traders as it could influence market sentiment and trading strategies moving forward.
- The cryptocurrency market has been marked by volatility, with XRP facing challenges such as significant sell-offs and fluctuating trading volumes. The recent rebound attempts and the mixed signals from market indicators suggest a complex landscape where investor sentiment remains fragile, reflecting broader trends of uncertainty and risk aversion in the crypto space.
— via World Pulse Now AI Editorial System







