XRP News: Potential Push to $3.20 as Outflows Reach $76 Million

XRP, the native currency of Ripple Labs, is showing signs of a potential price surge as outflows from exchanges hit $76 million. The asset is currently sitting on a crucial ascending trendline support and market sentiment is turning positive.

XRP outflows reach $76 mln – Potential push to $3.20?

XRP, the native token of Ripple Labs, has shown signs of recovery after a recent price drop, with a notable outflow of $76 million from exchanges. The asset's price has reached a crucial ascending trendline support, holding since February 2025, and is further buoyed by a positive shift in market sentiment across cryptocurrencies. Traders are over-leveraged at $2.44, holding $120 million in long positions, suggesting potential for further price movement.

Donald Trump Endorses Ripple (XRP), Fueling Speculation within the Crypto Community

Donald Trump, through his endorsement on Truth Social, has sparked speculation within the XRP community by sharing articles about Ripple's US expansion. The potential support from Trump, who has shown a favorable stance on the cryptocurrency sector during his presidential campaign, is seen as a huge win for the industry. Ripple CEO Brad Garlinghouse's meeting with Trump and rumored role in his crypto advisory council highlight the administration's increasing engagement with the digital asset sector.

XRP Price Prediction for February 19

XRP’s recent performance reflects cautious optimism, trading at $2.5887 with a modest 1.01% increase over 24 hours. Volume levels remain robust, indicating active portfolio repositioning by retail and institutional investors. Analysts note that steady increases, supported by healthy trading volumes and positive sentiment, often signal the start of an upward trend.

SEC Acknowledges Application for Spot XRP ETF

The U.S. Securities and Exchange Commission (SEC) has officially acknowledged Bitwise’s application for a spot XRP exchange-traded fund (ETF). This recognition marks a significant step towards integrating regulated XRP investment products into traditional financial markets. The SEC will now open a 21-day public comment period before deciding on the application.