XRP price jumped by over 4% today, February 14, reaching its highest level in 
over a week. It has now rebounded by over 30% from the year-to-date low of 
$1.1145. Ripple (XRP) token has soared, mirroring the performance of the…

Here’s why XRP price is rising today (Feb. 14)

Collaboration between the Federal Reserve and the Treasury is crucial for 
effective economic policy. The Fed has a responsibility to ensure liquidity in 
the treasury market. Criticism of the Fed&#8217;s inflation management should 
consider the challenges of the financial crisis.
The post Richard Clarida: Fed and Treasury collaboration is crucial for economic stability, the chair&#8217;s power lies in persuasion, and inflation management faces unique challenges | Odd Lots appeared first on Crypto Briefing.

Richard Clarida: Fed and Treasury collaboration is crucial for economic stability, the chair’s power lies in persuasion, and inflation management faces unique challenges | Odd Lots

The XRP price continues to struggle amid bear pressure within the market. On 
Friday, XRP rose by about 5.7%, which, while positive, was only a relief to an 
initial 7.1% loss seen earlier during the week. Meanwhile, a recent on-chain 
evaluation suggests that the XRP market could soon be entering an accumulation 
phase that could pave the way for strong market demand and recovery. Related 
Reading: XRP Set To Dethrone Bitcoin Within 6 Years, Entrepreneur Says XRP 
Exchange Reserves Fall To 2024 Lows In a recent post on QuickTake, 
pseudonymous analyst CryptoOnchain reveals that the amount of XRP on the 
Binance exchange has dipped extensively to the downside of the charts. This 
post derives its credibility from the XRP Ledger: Exchange Reserve &#8211; Binance 
metric. CryptoOnchain explains that the XRP exchange reserves have recently 
fallen to levels as low as 2.5 billion XRP. This level, notes the analyst, is 
the lowest yet since the early months of 2024. As of November 2024, the 
Binance reserves had peaked at approximately 3.2 billion in XRP, and have 
since taken on a downward trend. Compared to its current readings, it becomes 
apparent that investors have pulled more than 700 million XRP off Binance in 
the past 15 months. Usually, when coins are moved en masse to exchanges, it 
signals preparedness among investors to offload their tokens. On the other 
hand, reduced inflows to exchanges reflect increasing reluctance to shave off 
holdings and growing investor conviction. Hence, CryptoOnchain explains that 
the outflow of XRP from exchanges suggests a significant reduction in sell- 
side liquidity. Related Reading: Bitcoin NUPL Back In Hope/Fear Region: What 
Happens Next? Declining Reserves, Possible Sign Of Accumulation: Analyst 
CryptoOnchain further explains that declining exchange reserves have often 
served as signs of upcoming accumulation, and could be a bullish signal in the 
short-term. This is because, as has been mentioned earlier, lower holdings on 
exchanges reflect declining appetite among market participants towards selling 
their holdings. Interestingly, CryptoOnchain also points out that this current 
trend in exchange reserves could be telling us that investors are moving their 
assets out of exchanges into cold storage in order to focus on long-term 
growth. This present scenario paints a more optimistic view for the XRP price. 
The crypto pundit summarizes the situation, stating that XRP reserves hitting 
a two-year low could create a supply shock such that any rebound in market 
demand could initiate a significant price gain. As of press time, XRP holds a 
valuation of $1.40. CoinMarketCap data reflects that the cryptocurrency has 
seen a 3.07% gain over the past 24 hours. Featured image from The Economic 
Times, chart from Tradingview

Binance Records Sharp Drop In XRP Reserves — What This Means For Price

ProCap Financial chairman Anthony Pompliano predicted Bitcoin will benefit 
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Bitcoin’s next move hinges on macro shift as inflation eases: analyst

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