Crypto World News reports that, according to CoinMarketCap data, as of March 2 (UTC+8), XRP is currently priced at $1.3357, with a 24-hour decline of 3.1%.

Will $XRP price rebound as Brad Garlinghouse predicts $10 trillion flowing to XRPL? XRP price continued its downtrend in February despite notable catalysts, including higher ETF inflows than Ethereum and Bitcoin, the launch of the permissioned DEX feature, and substantial inflows of real-world assets. Ripple $XRP token dropped to a low of $1.1137 in February, its lowest level since November 2024, and 70% below its all-time high. Some key XRP metrics did well in February, even as the crypto market crash gained steam. For example, spot XRP ETFs added close to $60 million in inflows, while Bitcoin and Ethereum funds shed over $206 million and $369 million, respectively. The XRP Ledger network also experienced strong inflows, with the amount of money in its real-world assets network rising by 10% to $2 billion. That amount is much higher than Solana’s $1.8 billion. Brad Garlinghouse, Ripple’s CEO, predicted that over $10 trillion in assets would move to the network. He cited the ongoing surge in institutional-scale capital and a structural shift in global finance, where most assets are moving on-chain. For example, data compiled by DeFi Llama shows that the total RWA on-chain capital market capitalization has soared to over $20.8 billion. Some of the top companies that are launching tokenized assets are blue-chip names like BlackRock, WisdomTree, Franklin Templeton, and Fidelity. Garlinghouse’s statement came two weeks after the developers launched Permissioned DEX, a tool allowing institutions to park the in the decentralized finance industry in a secure and regulated manner. Also, Ripple Labs recently received a banking charter from the Office of the Comptroller of the Currency. As such, it is positioning itself as an all-rounded platform offering various services to companies in the financial services industry. XRP price technical analysis Technical analysis suggests that the XRP price remains in a technical bear market after plunging by double digits in the past few months. Ripple is about to form a mini death cross pattern, which happens when the 50-week and 100-week Exponential Moving Averages cross each other. This is a common bearish continuation sign in technical analysis. The Relative Strength Index has dropped and is hovering slightly above the oversold level of 30. The Percentage Price Oscillator has also continued falling and is at its lowest level in years. It also formed a big double-top pattern at $3.38 and a neckline at $1.6143. Therefore, despite its strong fundamentals, there is a likelihood that it will continue falling in the near term. The initial target will be at $1.1137, its lowest level in February. A move below that level will point to more downside, potentially to $1. #IranTensionsEscalate $XRP ‌