Overview
- XRP trades around $1.34–$1.36, repeatedly testing the $1.30–$1.33 support band after risk-off selling linked to escalating tensions involving Iran and surging energy prices.
- U.S. spot XRP ETFs recorded about $6.97 million in single-day net inflows, lifting total assets to roughly $1.02 billion, as some investors bought the dip through regulated products.
- A DTCC notice confirms Hidden Road went live on the NSCC directory on March 2, a connectivity milestone for Ripple’s institutional plumbing that does not directly translate into near-term XRP buying.
- On-chain trackers flagged more than 472 million XRP (about $652 million) sent to Binance over the past week, a shift that suggests defensive positioning and elevated optionality to sell.
- Futures open interest has dropped roughly 70% in five months to $203 million, and analysts note that a daily close below $1.30 could expose $1.00–$1.10 or even near $0.86 if the bearish pennant plays out, while holding support keeps a $1.45–$1.50 rebound possible.