#CircleIPO Hereโs the latest update on XRP as of June 5, 2025, based on Binance data and recent market developments:
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๐ Current Price & Market Snapshot
Live Price: $2.1951 USD per XRP
24-Hour Change: -1.9%
24-Hour High / Low: $2.2821 / $2.2195
Market Cap: $128.99 billion
24-Hour Trading Volume: $1.98 billion
Circulating Supply: 58.76 billion XRP
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๐ Technical Analysis & Price Action
Support Zone: $2.22โ$2.21
Resistance Levels: $2.25, $2.28, $2.31
Trend: XRP is consolidating after a recent dip, with potential for a bullish rebound if it maintains support above $2.22.
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๐๏ธ Ripple CEOโs Vision
At the XRP Las Vegas event, Ripple CEO Brad Garlinghouse declared, โWeโre rewriting the entire banking system,โ signaling Ripple's ambition to transform global finance. Plans include launching a global liquidity hub to enhance cross-border payments and institutional access. This announcement has bolstered investor confidence in XRP's long-term utility.
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๐ XRP Supply Trends
Binance's XRP reserves have decreased from approximately 2.94 billion to 2.86 billion since January 2025, indicating a net outflow of over 80 million XRP. This trend suggests that investors are moving XRP into cold storage, reflecting long-term confidence in the asset.
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๐ฎ Price Forecast
Short-Term Outlook: Analysts predict that if XRP breaks above the $2.25 resistance, it could target $2.30 and beyond, contingent on trading volume and market sentiment.
Long-Term Prediction: Binance users forecast XRP reaching approximately $2.80 within the next five years.
