Ripple launches $750M XRP buyback as exchange reserves hit 10-month low
Ripple announced a $750 million buyback program for XRP, a move that could tighten circulating supply and attract buying interest. CryptoQuant on-chain data shows Binance’s XRP reserves fell to $3.7 billion on March 10 — the lowest in 10 months — down from peaks above $10 billion in 2025. XRP is trading around $1.37, consolidating between support near $1.30 (deeper at $1.20) and resistance at $1.45–$1.50; a clean breakout could target $1.70–$1.80. Momentum indicators are neutral (RSI ~45) and accumulation/distribution is slightly negative, suggesting traders remain cautious. Ripple has not disclosed the buyback timeline or execution details. For traders, a coordinated reduction in exchange supply plus corporate buybacks could exert upward pressure on XRP if demand holds, while a lack of follow-through or broader market weakness could keep price range-bound. Primary keywords: XRP, Ripple buyback, exchange reserves. Secondary keywords: Binance reserves, circulating supply, price resistance, RSI.
Bullish
The announcement of a $750M Ripple-led buyback combined with on-chain evidence of falling exchange reserves (Binance at a 10-month low) creates a constructive supply-side narrative. Corporate buybacks historically signal confidence and reduce available float; in crypto, removing tokens from exchanges amplifies this effect because it directly limits liquidity accessible to traders. If Ripple executes the program and exchange balances continue to decline, upward price pressure is likely — especially given a neutral RSI that leaves room for gains. Short-term, expect volatility around the $1.45–$1.50 resistance: traders may push price higher on buyback news but profit-taking could revert XRP to the $1.30–$1.20 range if demand fades. Long-term, sustained buybacks and continued off-exchange accumulation (institutional or retail) could support higher structural pricing and reduce peak-to-trough swings. Caveats: Ripple has not given timeline or mechanics; broad crypto market weakness or large sell-offs from other holders could offset these effects. Similar past events: corporate buybacks and exchange withdrawals in other tokens (and prior XRP reserve drawdowns) preceded rallies when market sentiment was positive, but failed to lift price during bearish cycles.