Category: Crypto News, News
XRP Price Prediction Heats Up—$2.22 Jump on Reserve Cut Plan
Quick overview
XRP jumps as XRPL Labs founder proposes 90% reserve cut. Lower costs may boost adoption, while technicals hint at bullish continuation near $2.22.
Ripple’s XRP is seeing renewed interest after Wietse Wind, founder of XRPL Labs, proposed a 90% reduction in the XRP Ledger’s minimum reserve requirement.
This reserve, set to prevent network spam, is the amount of XRP users must hold to activate a wallet. Wind’s proposal is currently under review and would make it easier for developers and users to interact with the XRPL ecosystem.
Why? Lowering costs for newcomers while keeping security. By reducing the reserve requirement the network can invite more participation, from startups building on XRPL to individual users trying crypto for the first time. If passed it would be a big shift in accessibility and usability for the XRP ecosystem.
XRP/USD
Market Response and On-Chain Activity
The market responded fast. After the proposal was announced XRP went past $2.22 with big buying pressure, evidenced by large withdrawals from Binance – long term holders are moving tokens off exchanges in anticipation of more gains. 24 hour trading volume reached almost $3 billion, XRP is in the top 5 by volume.
The reserve cut aligns with a broader strategy to increase on-chain utility. Lower entry costs will encourage wallet creation, dApp usage and more XRPL accounts.
Key Points:
- XRP price: $2.23, down 2.77% in 24 hours
- Market cap: $130B+, ranked #4
- Trading volume: $2.99B
- Circulating supply: ~58.4B XRP
- Proposal: 90% reserve reduction
This is happening against a complex regulatory backdrop as Ripple is talking to the SEC and waiting for clarity on crypto policy. Analysts say easing regulatory pressure + lower ledger costs will cement XRP as a leading digital settlement asset.
Technical Outlook: Holding the Bullish Line
From a technical standpoint XRP/USD is showing strength. Price is hugging the rising trendline near $2.22 – an area that has been a launchpad since mid April. The 50 EMA at $2.25 is now resistance, $2.20 is the support level. Below that the next floor is $2.1619.Candlesticks show long lower wicks, buying is strong. 200 EMA at $2.1774 is still up, bullish trend is intact. MACD is flat, consolidation before the next move. A clean break above $2.2652 and XRP will target $2.31.
Trade Setup:
- Buy Zone: $2.20–$2.22 trendline
- Target: $2.2652, then $2.31
- Stop: Below $2.1619
As long as bulls hold this trendline with volume XRP will keep the bullish momentum and attract new interest with network utility upgrades.
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Written by : Editorial team of BIPNs
Main team of content of bipns.com. Any type of content should be approved by us.
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