ProperNews
On-Chain Data Breakdown
Glassnode metrics:
• 28-day accumulation: +1.2B XRP to cold wallets
• Exchange outflows: 450M XRP last month
• HODL waves: 68% unmoved >1 year
Three Theories Driving Accumulation
1. RLUSD Stablecoin Prep: Ripple launching USD-pegged stablecoin Q2 2026. XRP needed for liquidity corridors.
2. ETF Speculation: Bitwise filed S-1 for spot XRP ETF. Approval odds jumped 23% post-Trump inauguration.
3. Japan Banking Integration: SBI Holdings mandating XRP Ledger settlement for 47 banks by July.
Technical Setup Perfect
• RSI divergence bullish (price makes lower lows, RSI higher lows)
• 200-week EMA support $1.85 holding firm
• Funding rates negative—smart money positioning
Risk Factors
SEC appeal window closes March 15. Macro headwinds from Fed Chair nomination. But institutional FOMO overrides.
Price Targets
Base case: $3.20 (200% EMA expansion)
Bull case: $4.80 (ETF approval)
Bear case: $1.45 (SEC wins appeal)
