XRP price prediction is turning bullish as a key on-chain signal points strongly in favor of bulls.
CryptoQuant analyst Darkfost notes that Binance’s XRP reserves have dropped to around 2.7 billion, marking the lowest level the exchange has seen in years.
Darkfost notes that investors “are withdrawing their XRP to hold long term,” a behavior that usually appears when conviction is rising.
Since October 6, Binance has seen about 300 million XRP flow out of its wallets, pushing its reserves down to around 2.7 billion.
Market watchers say the setup is “far too consistent to ignore” as bulls position for a potential breakout above $3.
XRP Outperforms the Market With 17.5% Weekly Surge
XRP’s ecosystem has been unusually active in recent weeks, largely due to the arrival of the first U.S. spot XRP ETFs.
Canary Capital launched the first product on November 13, quickly followed by Franklin Templeton, Bitwise, and Grayscale, with the 21Shares XRP ETF expected to go live today.
On November 27, Ripple’s dollar-backed stablecoin RLUSD also received approval inside the Abu Dhabi Global Market (ADGM), where it was officially recognized as an Accepted Fiat-Referenced Token.
The FSRA’s designation means licensed firms can now use RLUSD for regulated activities, placing it among a very small group of tokens permitted inside ADGM’s tightly controlled financial system.
Market performance reflects the shift as well. XRP now tops the weekly gainers among the top 100 crypto assets with a 17.5% return, even outpacing Bitcoin’s 11.7%.
According to Ray Youssef, founder and CEO of NoOnes, inflows from the newly launched ETFs could be the spark the market needed after weeks of pressure and thin liquidity.
Speaking to Cryptonews, he noted: “XRP has already reclaimed $2 off the back of traders repositioning and momentum from recent XRP ETF launches, expected and actual. The expectation of more altcoin ETF launches could create a recovery roadmap for sentiment as traders look for fresh catalysts.”
XRP Price Prediction: Breakout Structure Points to $4 Target
Technically, analysts observed that XRP has successfully broken out of a multi-year descending wedge and is now consolidating above the $2.00 resistance, which has flipped into strong support.
Price is holding a steady series of higher lows while repeatedly testing the $3.5–$4.0 ceiling, showing that buyers still control the higher timeframe trend.
The stochastic indicator shows that price momentum has reset near the lows without breaking structure, suggesting the market is cooling off rather than reversing.
As long as XRP stays above the breakout trendline and the rising support underneath, the bias remains upward.
The next move is likely a revisit of the $3.8–$4.0 resistance, and a clean breakout there opens the path to further highs.
PEPENODE Raises $2.2M With Mine-to-Earn Model
Despite the wider crypto market slipping into fear and behaving much like a typical bear phase, money is still flowing into early-stage projects with strong narratives.
One presale drawing attention in the GameFi sector now is PEPENODE (PEPENODE), a mine-to-earn meme coin that turns the idea of mining into a browser-based game on Ethereum.
The concept has resonated with early investors, helping the project raise more than $2.2 million so far, with tokens selling out quickly during the presale.
Right now, PEPENODE is priced at $0.0011685, and buyers can purchase their tokens by connecting a crypto wallet and using USDT, BNB, ETH, SOL, or even a bank card.
There’s also an optional buy-and-stake feature that allows investors to lock their tokens immediately for high rewards, with today’s dynamic staking rate sitting at an impressive 583% APY.
Visit the Official Website Here
The post XRP Price Prediction: Binance XRP Supply Hits Record Lows as Bulls Refuse to Sell – Breakout above $3 Next? appeared first on Cryptonews.
