The post Will XRP price react as Ripple launches $750M buyback plan? appeared on BitcoinEthereumNews.com.

Ripple has unveiled a $750 million buyback plan for the XRP token, sparking speculation about whether the move could trigger renewed bullish momentum for the XRP price. Summary Ripple announced a $750M buyback plan that could tighten circulating supply of XRP. On-chain data from CryptoQuant shows XRP reserves on Binance dropping to a 10-month low of $3.7B, signaling potential accumulation. XRP price remains in consolidation near $1.37, with $1.50 acting as key resistance and $1.30 as immediate support. Corporate buybacks are often interpreted as a signal of confidence in an asset’s long-term value. In crypto markets, similar strategies can also affect liquidity by reducing circulating supply, potentially supporting prices if demand remains strong. While the company has not disclosed the precise timeline or execution strategy, reports on the buyback has already drawn attention from traders looking for potential catalysts in a market that has been largely range-bound in recent weeks. The move comes as XRP price continues to attract institutional interest and broader adoption across cross-border payment networks tied to Ripple’s ecosystem. Exchange supply tightening signals potential pressure Recent on-chain data from CryptoQuant suggests that exchange supply for XRP is already tightening. According to the analytics firm, Binance’s XRP reserves have dropped sharply to $3.7 billion as of March 10, the lowest level recorded in 10 months. The metric tracks the total value of XRP held on the exchange and reflects both token balances and price fluctuations. Earlier in 2025, reserves on Binance exceeded $10 billion during peaks in January and July. Those periods were followed by steep corrections that pushed XRP prices below $1.20. The continued decline in reserves, down from roughly $3.9 billion on March 6, could indicate that traders are withdrawing XRP from exchanges, often interpreted as a signal of accumulation or long-term holding. If the buyback…

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Filed under: News - @ March 12, 2026 8:29 am