XRP Price Prediction: Coinbase Supply Collapses 90% – Is a $10 XRP
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XRP Price Prediction
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Coinbase XRP reserves collapse 90% – XRP price prediction now hints at a $10 super squeeze as whales withdraw tokens.
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Alejandro Arrieche
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Alejandro Arrieche
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Last updated:
2 hours ago
Disclaimer: Crypto is a high-risk asset class. This article is provided for informational purposes and does not constitute investment advice. You could lose all of your capital.
Coinbase has seen a sharp drop in its XRP reserves, signaling major whale withdrawals – a trend that supports a bullish XRP price prediction.
According to data from XRPWallets, whales have been moving large amounts of XRP to external wallets, likely in anticipation of future gains.
At the time of writing, Coinbase holds just 14.85 million XRP (approximately $44.6 million), compared to 2.8 billion tokens currently held by Binance.
This marks a 90% drop in XRP’s available supply on Coinbase, which could set the stage for a major rally if buying pressure ramps up this week.
XRP has posted a 1.4% gain over the past 7 days, but the token has struggled to hold above the $3 level.
It briefly surged to $3.18 on Saturday, but has since pulled back below that threshold ahead of the upcoming Federal Reserve FOMC meeting on Wednesday.
Markets are currently pricing in a 25 basis point rate cut by the U.S. central bank – the first of the year – a move that could fuel fresh momentum across the crypto sector.
XRP Price Prediction: Descending Triangle Breakout Favors Bullish Outlook.
The latest price action has broken through a key trend line resistance, and today’s pullback is now retesting that level as support.
If buyers step in around the $3 mark, XRP could quickly surge to $3.65, and possibly push to a new all-time high, as it plays catch-up with other major altcoins like Ethereum (ETH), which have also seen huge rallies.
The Relative Strength...
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