Ripple has unveiled a plan to buy $750 million in XRP tokens, sparking speculation as to whether the move could trigger a new surge in XRP’s price.
Conclusion
- Ripple has announced a $750 million buyback plan that could boost XRP’s circulating supply.
- On-chain data from CryptoQuant shows that XRP reserves on Binance have fallen to a 10-month low of $3.7 billion, indicating a potential rally.
- XRP price remains in consolidation near $1.37, with $1.50 acting as major resistance and $1.30 as immediate support.
Corporate returns are often interpreted as a signal of confidence in the long-term value of assets. In crypto markets, similar strategies can also affect liquidity by reducing circulating supply, potentially supporting prices if demand remains strong.
Although the company did not disclose an exact timetable or execution strategy, reports of a pullback have already caught the attention of traders looking for potential catalysts in a market that has been largely covered in recent weeks.
The move comes as the price of XRP continues to attract institutional attention and wider adoption of cross-border payment networks linked to the Ripple ecosystem.
A tightening of the supply chain indicates potential pressure
The latest on-chain data from CryptoQuant shows that exchange supply for XRP is already strained.
Binance’s XRP reserves fell sharply to $3.7 billion as of March 10, a 10-month low, according to an analyst firm. The metric tracks the total value of XRP held on the exchange and reflects both token balances and price fluctuations.
Earlier in 2025, Binance reserves exceeded $10 billion at their peak in January and July. Those periods were followed by sharp corrections that pushed XRP prices below $1.20.
The continued decline in reserves, down from around $3.9 billion on March 6, could indicate that traders are withdrawing XRP from exchanges, which is often interpreted as a signal of accumulation or long-term holding.
If the buyback initiative coincides with a reduction in supply, the combination could put upward pressure on prices.
XRP price analysis
Based on the latest XRP/USDT daily chart, the token remains locked in a consolidation phase despite the broader bullish description.
XRP is currently trading near $1.37 and is in a relatively tight range that has formed since early February after a sharp correction from higher levels.
The 1.45-$1.50 zone remains an immediate barrier for the bulls. A decisive break above this area could open the door for an advance to the $1.70-$1.80 range.
The chart shows strong support around $1.30 and deeper support near $1.20 if selling pressure intensifies.
The Relative Strength Index (RSI) is currently around 45, indicating neutral momentum. The reading indicates that the asset is neither overbought nor oversold, leaving room for potential movement in either direction.
Meanwhile, the Accumulation/Distribution indicator continued to edge lower, suggesting market participants remain cautious despite improving fundamentals.
At the moment, the market seems to be waiting for a solvent catalyst. If Ripple’s buyback plan and reduced exchange reserves translate into stronger demand, XRP may try to break out of its current consolidation range.
Otherwise, the token may continue to trade sideways as investors assess the broader crypto market environment.
