Coingape 1 week ago

Ripple (XRP) Price Forecast: XRP Deposits on Binance Drops $1.3B to Hit 40-Day Low – Is It Bullish? 📉

XRP USA Canada Binance Ripple

Ripple (XRP) has seen a notable decline in its deposits on Binance, falling by $1.3 billion to reach a 40-day low. This has captured the attention of analysts and traders alike, who are pondering if this drop could trigger a bullish period for XRP. Despite falling to $2.60 following three consecutive losing days, on-chain data suggests that whale accumulation and a long-term trading strategy from retail investors might signal an impending price rebound.

Furthermore, the ongoing US-Canada trade war's impact on market sentiment could influence XRP's price stabilization above $2.60. The ripple effect of geopolitical tensions adds complexity to the cryptocurrency's trajectory.

Source: coingape.com ↗

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