Overview
- XRP rallied back into the $1.4–$1.7 range with single‑day gains up to 11%, recovering from early‑February lows near $1.11.
- Ripple CEO Brad Garlinghouse joined the CFTC’s Innovation Advisory Committee, a development viewed as improving regulatory engagement for the token’s ecosystem.
- On‑chain data show tightening supply, including roughly 700 million XRP leaving exchanges since November 2024 and a further 152 million decline over the past week, alongside whale buys around $1.38.
- U.S. spot XRP ETFs recorded about $4.5 million in net inflows on February 13, led by products from Bitwise and Franklin Templeton.
- Analysts flag an attempted break of a descending trendline, with confirmation hinging on reclaiming $1.51 and closing above roughly $1.65–$1.74, as traders track supports near $1.35 and $1.20 along with elevated derivatives activity.