XRP Signals Move to Reclaim Previous High—Will Binance-Driven Rally Continue?

IMAGE_CAPTION

XRP has begun an unstoppable rally to reclaim its previous all-time high after breaking through a key psychological resistance level alongside a 90% surge in 24-hour trading volume.

According to real-time data from cryptocurrency market tracker CoinMarketCap on February 15 (local time), XRP is holding above the $1.62 level, up 11.9% from the previous day. Its market capitalization reached $98.52 billion, ranking fourth among global cryptocurrencies, while 24-hour trading volume surpassed $4.73 billion, demonstrating overwhelming buying pressure in the market. Circulating supply stands at approximately 60.91 billion XRP, meaning more than 60% of the total supply is currently in circulation.

A sharp decline in exchange reserves is being cited as a key factor that could drive further gains. XRP holdings on Binance, one of the world’s largest cryptocurrency exchanges, have dropped to a two-year low of 2.5 billion XRP, indicating that investors are moving their tokens to private wallets for long-term holding. Experts note that in a situation where supply is constrained, a surge in buy orders could trigger a supply shock, potentially accelerating the pace of price increases.

Changes in asset allocation strategies among institutional investors are also having a positive impact on XRP’s price. As XRP emerges as a strong alternative asset in a market long dominated by Bitcoin (BTC) and Ethereum (ETH), capital from major Wall Street players is flowing in. In particular, news of the imminent launch of RLUSD, a stablecoin being prepared by Ripple, is prompting a reassessment of XRP’s value as a key instrument for paying network transaction fees.

Shifts in the macroeconomic environment are also providing a tailwind to the broader cryptocurrency market. Expectations of interest rate cuts following a slowdown in the U.S. Consumer Price Index have fueled risk appetite, creating a positive cycle of increased trading activity. As the perception spreads that the market has entered a historic buying zone not seen in eight years, optimism prevails that despite short-term price corrections, the long-term upward trajectory will remain intact.

XRP continues to break down technical resistance levels one by one, proving the practical scalability of its global payment settlement network. As external regulatory risks subside and institutional adoption expands, XRP’s market dominance is expected to solidify further. Investors are focusing less on short-term price fluctuations and more on on-chain data signaling fundamental changes in the network’s structure as they prepare for the next major bull cycle.

Disclaimer: This article is for investment reference only, and we are not responsible for any investment losses resulting from reliance on this content. The information provided should be interpreted for informational purposes only.