XRP Price Prediction: Bulls Target Key Triangle Resistance as Binance Scarcity Index Hits 4-Year High
Not investment advice. Muhabbit scores how much a story may matter, not which way to trade.
XRP rose 2.51% on November 5 to trade at $1.30, extending a post-election rally across equities and crypto after the Democratic Party’s win eased geopolitical tensions. On-chain data shows XRP scarcity on Binance has hit a four-year high, signaling tightening exchange supply that bulls view as supportive. Traders are now watching a key triangle resistance level on the price chart as the next technical hurdle. The combination of thinning Binance reserves and macro risk-on sentiment matters because it could amplify upside moves if demand holds. What to watch next: whether XRP can break and hold above triangle resistance, and whether the Binance scarcity trend persists.
Muhabbit's AI wrote this summary in its own words from CoinGape's report. It can get details wrong, so check the source.
Named in this story
XRP (XRP), Binance, Ripple (XRP), Democratic Party
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