Overview
- XRP fell over 4% to roughly $1.37, with resistance at $1.40–$1.42 and $1.44, while a daily bear pennant points to a possible move toward $0.86 if support breaks.
- On-chain data show about 472 million XRP (≈$652 million) moved to Binance over the past week, the largest inflow stretch of February, according to analyst Darkfost using CryptoQuant data.
- A U.S.–Israel strike on Iran occurred after traditional markets closed, and Iranian official Ali Larijani denied outreach to Washington, reinforcing a risk-off tone across crypto.
- Derivatives metrics show contracting open interest and slightly negative funding, signaling deleveraging rather than a buildup of new leveraged bets.
- Following a Feb. 28 breakdown below $1.36 that drove a 9% intraday slide, traders are watching $1.30 as support, while spot XRP ETFs continued to log modest net inflows with cumulative investments surpassing about $1.2 billion.