Ripple has announced a $750 million buyback plan for its XRP token, fueling speculation about whether the move can tighten circulating supply and trigger a breakout from weeks of range-bound trading. Corporate buybacks are typically viewed as a signal of confidence in an asset's long-term value. In crypto markets, reducing the available supply — if demand stays steady or rises — can provide upward price support.
The company has not disclosed the exact timeline or execution details, but the announcement has already caught the attention of traders seeking catalysts in a market that has largely lacked direction. Meanwhile, institutional adoption of XRP for cross-border payments continues to grow, reinforcing the fundamental backdrop.
Binance XRP Reserves Drop to 10-Month Low
On-chain data from CryptoQuant shows that exchange supply for XRP is already tightening. Binance's XRP reserves fell to $3.7 billion as of March 10, the lowest level in ten months. The metric tracks the total value of XRP held on the exchange, influenced by both token balances and price movements.
Earlier in 2025, Binance reserves peaked above $10 billion in January and July, both of which were followed by sharp corrections that pushed XRP below $1.20. The latest decline — from roughly $3.9 billion on March 6 — suggests traders are withdrawing tokens, often interpreted as accumulation or long-term holding. If the buyback coincides with this shrinking exchange supply, the two forces could combine to create upward pressure on price.
XRP Price Stuck in Consolidation, Key Level at $1.50
Despite the bullish buyback narrative, the XRP/USDT daily chart shows the token remains locked in a consolidation phase. XRP is currently trading near $1.37, hovering inside a tight range that formed after a sharp correction in early February.
The immediate resistance zone sits at $1.45–$1.50. A decisive breakout above this area could open the path toward the $1.70–$1.80 range. On the downside, support is solid around $1.30, with deeper support near $1.20 if selling pressure intensifies.
The Relative Strength Index (RSI) is near 45, indicating neutral momentum — the token is neither overbought nor oversold, leaving room for movement in either direction. Meanwhile, the Accumulation/Distribution line is trending slightly lower, reflecting cautious market sentiment despite improving fundamentals.
For now, the market appears to be waiting for a defining catalyst. If Ripple's buyback plan combined with declining exchange reserves translates into stronger demand, XRP could attempt to break out of its consolidation range. Otherwise, the token may continue trading sideways as broader market conditions remain uncertain.