{"id":4822,"date":"2025-03-06T08:00:00","date_gmt":"2025-03-06T10:00:00","guid":{"rendered":"https:\/\/criptonizando.com\/en\/?p=4822"},"modified":"2025-03-06T10:39:25","modified_gmt":"2025-03-06T12:39:25","slug":"xrp-price-shows-recovery-signs-could-a-10-target-be-on-the-horizon","status":"publish","type":"post","link":"https:\/\/criptonizando.com\/en\/news\/xrp-price-shows-recovery-signs-could-a-10-target-be-on-the-horizon\/","title":{"rendered":"XRP Price Shows Recovery Signs: Could a $10 Target Be on the Horizon?"},"content":{"rendered":"\n<p>XRP has bounced back strongly, <a href=\"https:\/\/coinmarketcap.com\/currencies\/xrp\/\" target=\"_blank\" rel=\"noreferrer noopener nofollow\">gaining 14%<\/a> on Wednesday and recovering half the losses suffered after President Trump&#8217;s recent tariff announcement. This impressive rally comes amid signs that new buyers are holding for the long term rather than quick trading. With exchange supplies dropping significantly, some analysts are questioning whether XRP could be setting up for a potential surge toward the $10 mark.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><strong>XRP Market Recovery Gains Momentum<\/strong><\/h2>\n\n\n\n<p>Since the early part of March, the cryptocurrency market has remained highly volatile, especially with respect to XRP\u2019s attempts to move in a particular direction. Things turned around on Tuesday when the US Secretary of Commerce\u2019s hints of possible tariff relaxations on Canada and Mexico sent price movements offshore. This created an immediate bullish sentiment within crypto traders as the rush to buy assets, particularly those suggested as possible candidates for inclusion to Trump&#8217;s strategic reserves, soared.<\/p>\n\n\n\n<figure class=\"wp-block-image size-large\"><img decoding=\"async\" width=\"1024\" height=\"457\" src=\"https:\/\/criptonizando.com\/en\/wp-content\/uploads\/2025\/03\/XRPUSDT_2025-03-06_10-19-55-1024x457.png\" alt=\"XRP\" class=\"wp-image-4825\" srcset=\"https:\/\/criptonizando.com\/en\/wp-content\/uploads\/2025\/03\/XRPUSDT_2025-03-06_10-19-55-1024x457.png 1024w, https:\/\/criptonizando.com\/en\/wp-content\/uploads\/2025\/03\/XRPUSDT_2025-03-06_10-19-55-300x134.png 300w, https:\/\/criptonizando.com\/en\/wp-content\/uploads\/2025\/03\/XRPUSDT_2025-03-06_10-19-55-768x343.png 768w, https:\/\/criptonizando.com\/en\/wp-content\/uploads\/2025\/03\/XRPUSDT_2025-03-06_10-19-55-150x67.png 150w, https:\/\/criptonizando.com\/en\/wp-content\/uploads\/2025\/03\/XRPUSDT_2025-03-06_10-19-55.png 1506w\" sizes=\"(max-width: 1024px) 100vw, 1024px\" \/><\/figure>\n\n\n\n<p>In XRP&#8217;s case, the most striking price action was observed when its low for the day on Tuesday was at $2.20 and it managed to climb back to $2.50. This increase in value represents a massive break above a declining trend line after so many days of consolidation and returns some confidence to bulls hoping for a recovery to XRP\u2019s more favorable pricing.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><strong>Exchange Withdrawals Signal Bullish Sentiment<\/strong><\/h2>\n\n\n\n<p>A strong reason that favors the bullish sentiment on XRP comes from the on-chain data which suggests that there are massive outflows from major exchanges. As per the data provided by CryptoQuant, <a class=\"wpil_keyword_link\" href=\"https:\/\/criptonizando.com\/en\/learn\/binance-review\/\" title=\"Binance\" data-wpil-keyword-link=\"linked\" data-wpil-monitor-id=\"529\">Binance<\/a> has experienced a net withdrawal of around 25 million XRP tokens, which is close to $500 million since the 2nd of March. This reduced total exchange deposits from 2.9 billion XRP tokens to 2.87 billion.<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>Use your\u00a0<a href=\"https:\/\/criptonizando.com\/en\/learn\/binance-referral-id\/\">Binance referral ID<\/a>\u00a0for purchases of these 3 promising altcoins.<\/li>\n<\/ul>\n\n\n\n<p>The exchanges\u2019 supply tends to decrease substantially, indicating that the investors are moving assets to long-term storage instead of having them available for trading. In general, when large holders (popularly referred to as \u201c<a href=\"https:\/\/criptonizando.com\/en\/news\/bitcoin-drops-to-3-month-low-as-whales-accumulate-26-4k-btc\/\" target=\"_blank\" rel=\"noreferrer noopener\">whale<\/a>s\u201d) take out large amounts of tokens from the exchanges during a market dip, it is usually viewed as bullish for the asset.<\/p>\n\n\n\n<p>There are also further encouraging this sentiment with XRP ETFs and other speculation that it will be included in the strategic reserves of the Treasury of the United States. If these scenarios play out together with the supply decrease, the magnitude of the resultant squeeze could clear the path of XRP to the much speculated price level of $10 that supporters are looking forward to.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>XRP has bounced back strongly, gaining 14% on Wednesday and recovering half the losses suffered after President Trump&#8217;s recent tariff announcement. This impressive rally comes amid signs that new buyers are holding for the long term rather than quick trading. With exchange supplies dropping significantly, some analysts are questioning whether XRP could be setting up [&hellip;]<\/p>\n","protected":false},"author":10,"featured_media":2857,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"tpgb_global_settings":"","kia_subtitle":"","footnotes":""},"categories":[1],"tags":[33,44,20,54],"class_list":["post-4822","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","tag-altcoins","tag-blockchain","tag-crypto-market","tag-xrp"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v23.3 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>XRP Price Shows Recovery Signs: Could a $10 Target Be on the Horizon? - Criptonizando<\/title>\n<meta name=\"description\" content=\"XRP surges 14%, recovering losses from Trump\u2019s tariff news. 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