Ripple has revealed a plan to buy back $750 million of the XRP token, prompting speculation that the move could spark renewed bullish momentum in the price of XRP.
Summary
- Ripple has announced a $750M buyback program that could strengthen the circulating supply of XRP.
- On-chain data from CryptoQuant shows XRP stored on Binance dropped to a 10-month low of $3.7B, indicating a potential rally.
- XRP price remains consolidated near $1.37, with $1.50 serving as primary resistance and $1.30 as immediate support.
Buying a business is often interpreted as a signal of confidence in the long-term value of the asset. In the crypto markets, similar strategies can also affect the currency by reducing circulating supply, which may support prices if demand remains strong.
Although the company did not reveal an exact timeline or strategy for the launch, reports of the purchase have already drawn attention from traders looking for potential assets in a market that has been heavily constrained in recent weeks.
The move comes as the price of XRP continues to attract institutional interest and widespread adoption across cross-border payment networks connected to the Ripple ecosystem.
The supply of goods reinforces signals of potential stress
The latest on-chain data from CryptoQuant suggests that XRP transactions are already intensifying.
According to the analytics company, Binance’s XRP reserves fell to $3.7 billion as of March 10, the lowest level recorded in 10 months. The metric tracks the total amount of XRP held in exchanges and shows both token rates and price volatility.
Before 2025, the reserves on Binance exceeded 10 billion dollars during the peaks in January and July. Those sessions were followed by a sharp correction that pushed XRP prices below $1.20.
The continued decrease in reserves, from about $ 3.9 billion on March 6, could indicate that traders are withdrawing XRP from the exchange, which is often interpreted as a sign of accumulation or long-term holding.
If the retrenchment program is accompanied by a reduction in exchange supply, the combination may create upward pressure on prices.
XRP price analysis
Based on the latest XRP/USDT daily chart, the token remains locked in a consolidation phase despite a broad bullish narrative.
XRP is currently trading near $1.37, moving within a tight range that has formed since early February following a sharp correction from higher levels.
The $1.45–$1.50 area remains a bullish barrier. A significant break above this region could open the door to a push into the $1.70–$1.80 range.
The chart shows strong support around $1.30, with deeper support near $1.20 if selling pressure intensifies.
The Relative Strength Index (RSI) is currently hovering around 45, indicating neutral momentum. The reading suggests that the asset is neither overbought nor oversold, leaving room for a possible move in either direction
Meanwhile, the Accumulation/Spread index continues to trend slightly downward, implying that market participants remain cautious despite improving fundamentals.
For now, the market seems to be waiting for a decisive catalyst. If Ripple’s buying plan and dwindling exchange reserves translate into stronger demand, XRP may try to break out of its current consolidation range.
Otherwise, the token may continue to trade sideways as investors explore the broader crypto market landscape.
