{"id":18374,"date":"2025-12-19T17:06:00","date_gmt":"2025-12-19T17:06:00","guid":{"rendered":"https:\/\/bitunikey.com\/news\/xrp-price-forms-a-bullish-engulfing-as-binance-reserves-dip\/"},"modified":"2025-12-19T17:06:29","modified_gmt":"2025-12-19T17:06:29","slug":"xrp-price-forms-a-bullish-engulfing-as-binance-reserves-dip","status":"publish","type":"post","link":"https:\/\/bitunikey.com\/news\/xrp-price-forms-a-bullish-engulfing-as-binance-reserves-dip\/","title":{"rendered":"XRP price forms a bullish engulfing as Binance reserves dip"},"content":{"rendered":"<div class=\"post-detail__content blocks\">\n<p class=\"is-style-lead\">XRP price could be about to rebound in the near term after forming a bullish engulfing pattern as key catalysts like falling Binance reserves and ETF inflows align.<\/p>\n<div id=\"cn-block-summary-block_1425c26d5337bb2ece5e5941258c62f6\" class=\"cn-block-summary\">\n<div class=\"cn-block-summary__nav tabs\">\n        <span class=\"tabs__item is-selected\">Summary<\/span>\n    <\/div>\n<div class=\"cn-block-summary__content\">\n<ul class=\"wp-block-list\">\n<li>XRP price has formed several bullish chart patterns on the daily chart.<\/li>\n<li>The supply of XRP tokens in exchanges has dropped to the lowest level in months.<\/li>\n<li>Spot XRP ETF inflows have continued rising this week.<\/li>\n<\/ul><\/div>\n<\/div>\n<p><!-- .cn-block-summary --><\/p>\n<p>The Ripple (XRP) token was trading at $1.8885 at press time, up slightly from the intraday low of $1.7758.\u00a0<\/p>\n<p>A potential catalyst for the XRP price is third-party data showing that the token\u2019s supply on exchanges has continued to fall.<\/p>\n<p>Data compiled by CryptoQuant indicate that the supply has been in a pronounced downward trend since peaking in October this year. It has now reached its lowest level of the year.<\/p>\n<figure class=\"wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter\">\n<div class=\"wp-block-embed__wrapper\">\n<blockquote class=\"twitter-tweet\" data-width=\"500\" data-dnt=\"true\">\n<p lang=\"en\" dir=\"ltr\">\ud83d\udea8\ud835\udc01\ud835\udc11\ud835\udc04\ud835\udc00\ud835\udc0a\ud835\udc08\ud835\udc0d\ud835\udc06: \ud835\udc17\ud835\udc11\ud835\udc0f \ud835\udc08\ud835\udc2c \ud835\udc15\ud835\udc1a\ud835\udc27\ud835\udc22\ud835\udc2c\ud835\udc21\ud835\udc22\ud835\udc27\ud835\udc20 \ud835\udc05\ud835\udc2b\ud835\udc28\ud835\udc26 \ud835\udc01\ud835\udc22\ud835\udc27\ud835\udc1a\ud835\udc27\ud835\udc1c\ud835\udc1e \u2014 \ud835\udc11\ud835\udc1e\ud835\udc2c\ud835\udc1e\ud835\udc2b\ud835\udc2f\ud835\udc1e\ud835\udc2c \ud835\udc09\ud835\udc2e\ud835\udc2c\ud835\udc2d \ud835\udc07\ud835\udc22\ud835\udc2d \ud835\udc00 \ud835\udc0c\ud835\udc2e\ud835\udc25\ud835\udc2d\ud835\udc22-\ud835\udc0c\ud835\udc28\ud835\udc27\ud835\udc2d\ud835\udc21 \ud835\udc0b\ud835\udc28\ud835\udc30 \ud83d\ude33\ud83d\udcc9<\/p>\n<p>Okay this is not a normal chart.<\/p>\n<p>\ud835\udc01\ud835\udc22\ud835\udc27\ud835\udc1a\ud835\udc27\ud835\udc1c\ud835\udc1e\u2019\ud835\udc2c \ud835\udc17\ud835\udc11\ud835\udc0f \ud835\udc2b\ud835\udc1e\ud835\udc2c\ud835\udc1e\ud835\udc2b\ud835\udc2f\ud835\udc1e\ud835\udc2c just dropped to a multi-month low \u2014 meaning XRP is\u2026 <a href=\"https:\/\/t.co\/Kk0vQP3B3p\">pic.twitter.com\/Kk0vQP3B3p<\/a><\/p>\n<p>&mdash; Diana (@InvestWithD) <a href=\"https:\/\/twitter.com\/InvestWithD\/status\/2001679191448953281?ref_src=twsrc%5Etfw\">December 18, 2025<\/a><\/p><\/blockquote>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script>\n<\/div>\n<\/figure>\n<p>Falling Binance exchange reserves are significant because it is the largest venue for XRP trading. Data compiled by CMC shows that XRP\u2019s volume in Binance on Friday stood at over $600 million, much more than Upbit\u2019s $355 million.<\/p>\n<p>    <!-- .cn-block-related-link --><\/p>\n<p>Declining exchange balances indicate that investors are moving their tokens to cold storage, suggesting they expect the tokens to rebound over time.\u00a0<\/p>\n<p>The falling exchange balances is happening at a time when XRP ETF demand remains substantial. Data compiled by <a rel=\"nofollow\" target=\"_blank\" href=\"https:\/\/sosovalue.com\/assets\/etf\/us-xrp-spot\" target=\"_blank\" rel=\"nofollow\">SoSoValue<\/a> indicate that spot XRP ETFs had over $68 million in inflows this week, bringing the cumulative net inflows to $1.06 billion. These inflows brought the total assets to $1.14 billion.<\/p>\n<p>XRP ETF inflows this week were notable, occurring when Bitcoin and Ethereum funds shed assets. Ethereum and Bitcoin ETFs have shed over $568 million and $338 million, respectively.<\/p>\n<h2 class=\"wp-block-heading\">XRP price technical analysis\u00a0<\/h2>\n<figure class=\"wp-block-image size-full\"><figcaption class=\"wp-element-caption\">XRP price chart | Source: crypto.news<\/figcaption><\/figure>\n<p>The daily timeframe chart shows that the XRP price settled at a crucial support level this week. Its lowest level coincided with the lowest points in October and November.\u00a0<\/p>\n<p>Ripple price has also formed an inverse head-and-shoulders pattern, a common bullish reversal sign. In this case, its shoulder is the descending trendline that connects the highest swings since October.<\/p>\n<p>A closer look shows that the token has formed a bullish engulfing pattern, consisting of a large bullish candle that fully covers a small bearish one. It is one of the most common bullish reversal signs in technical analysis.<\/p>\n<p>    <!-- .cn-block-related-link --><\/p><\/div>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n","protected":false},"excerpt":{"rendered":"<p>XRP price could be about to rebound in the near term after forming a bullish engulfing pattern as key catalysts like falling Binance reserves and ETF inflows align. Summary XRP&hellip;<\/p>\n","protected":false},"author":1,"featured_media":12775,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-18374","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-cryptocurrency"],"_links":{"self":[{"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/posts\/18374","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/comments?post=18374"}],"version-history":[{"count":1,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/posts\/18374\/revisions"}],"predecessor-version":[{"id":18375,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/posts\/18374\/revisions\/18375"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/media\/12775"}],"wp:attachment":[{"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/media?parent=18374"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/categories?post=18374"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/tags?post=18374"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}