XRP Price Holds Near Support Zone, What’s The Net Move?

Airdrop Is Live CaryptosHeadlines Media Has Launched Its Native Token CHT. Airdrop Is Live For Everyone, Claim Instant 5000 CHT Tokens Worth Of $50 USDT. Join the Airdrop at the official website, CryptosHeadlinesToken.com This week, XRP price remained steady near a key support zone between $2.01 and $1.90. In an important event, Ripple locked 700 million XRP tokens in escrow on Market watchers are closely observing the chart as technical signals suggest that XRP may be preparing for its next move.This action also comes as the cryptocurrency enters a period of price consolidation after the recent volatility. XRP price was trading around $2.14 at press time. It is just below the crucial $2.25 resistance zone.Escrow Activity Continues as Ripple Adjusts Monthly Token ManagementRipple routinely unlocks 1 billion XRP from escrow on a monthly basis. However, most of these tokens are usually returned to new escrow contracts.On May 1, the company moved 700 million tokens back into escrow without the usual early-month release. It marked the third straight month where Ripple did not unlock the full 1 billion tokens on the first day.The movement of funds was recorded by Whale Alert. It also tracked two other transactions, 200 million and 300 million XRP sent to unknown wallets. These actions suggest Ripple continues to manage its liquidity and supply actively.According to Ripple’s previous quarterly reports, the company still holds about 38 billion XRP in escrow. It owns 4.5 billion more directly.This month 700M $XRP went back into escrow. It’s weird, however, that the 1B XRP that could be released on March 1st, hasn’t been released yet. The 700M escrows were created from surplus XRP sitting in Ripple’s accounts. This is a first. pic.twitter.com/gXCQOcaCLu— Leonidas (@LeoHadjiloizou) March 2, 2025Ripple uses a portion of the unlocked tokens to support operations and provide liquidity for its payment services. The rest often returns to escrow, which helps maintain a controlled release schedule.The pattern of delaying the full escrow unlock to the third day of the month has become more frequent in 2025.XRP Price Holds at Technical Support as Market Watches for BreakoutAccording to crypto analyst CasiTrades, the $2.25 price level has served as a main barrier since XRP tested it recently. Technical analysts identified the formation of a corrective ABC pattern where the C wave could rise until $2.00 or potentially reach $1.90.The identified price levels demonstrated correlation to Fibonacci retracement zones, which included the 0.618 level from the latest increase.Multiple indicators located on shorter time scales indicated that XRP price has reached exhaustion. The Relative Strength Index (RSI) was above 50 in weekly periods alongside newly formed hidden bullish divergence patterns in daily charts.XRP price created downward low points, but the RSI demonstrated upward trending low points. That signaled potential strength in the market dynamics.Source: XThe 4-hour and daily timeframes show analysts have marked their support areas with green boxes that span from $1.90 to $2.01. These zones are often seen as accumulation areas. If the price holds above these levels, analysts expect a short-term rebound toward $2.36 and possibly $2.55.Circle Acquisition Talks Reportedly Advance Amid Broader Strategic MovesSeparate from its token management activity, Ripple is reportedly increasing efforts to acquire Circle, the issuer of the USDC stablecoin. According to sources, Ripple CEO Brad Garlinghouse has raised the bid to $20 billion.It would be a major increase from earlier reported offers of $5 billion and $6 billion. The proposed acquisition, if completed, could change Ripple’s role in the digital asset industry.Circle is known for its regulated stablecoin operations. So, a merger would place Ripple in a stronger position in the payments sector. Some observers suggest that it could move Ripple closer to functioning as a full financial institution. There has been no official confirmation from either company yet.BREAKING: @Ripple’s CEO – Brad Garlinghouse, has increased the offer to acquire CIRCLE for $20 billion and the deal seems to be progressing towards completion.This acquisition could potentially transform Ripple into a bank! #XRP pic.twitter.com/5a7YTpwSN7— JackTheRippler (@RippleXrpie) May 1, 2025Ripple’s Chief Technology Officer, David Schwartz, added some context through a public comment. Responding to earlier reports of the offer, he clarified, “$6 billion, but that’s our final offer,” suggesting internal discussions continue about the terms.Source link