📉 Latest XRP news and analysis 🚧
currently trades at $1.91 USD, reflecting a 24-hour decline amid broader market pressures, with 24-hour trading volume reaching $3.06 billion. Market capitalization stands at $116.53 billion, positioning it as the #5 cryptocurrency by cap, with a circulating supply of 60.78 billion tokens.
Price Movement
The token hit a 24-hour low of $1.92 and high of $2.03, down 2.76% in market cap terms. Over the past week, it has pulled back from recent highs near $2.40, influenced by profit-taking and escrow unlocks.
Key Updates
Ripple plans a 1 billion XRP escrow release on February 1, part of its predictable supply schedule. CEO Brad Garlinghouse remains optimistic despite the dip, citing over $700 million in XRP ETF inflows and institutional adoption.
Outlook
Technical signals show bullish patterns like bull flags targeting $2.80, with supports at $1.96 holding firm. Sustained ETF demand could push toward $3+ amid potential regulatory clarity.