
Jakarta, Pintu News – XRP is attracting attention again as the price approaches a familiar support zone. These wide demand zones often provide a strong response when prices experience repeated declines.
Now, this zone is in the spotlight as it is at a rebound point similar to the previous decline. Meanwhile, the new license that Ripple obtained in Singapore adds to the strong narrative of its long-term reach.
XRP is currently trading above a wide demand zone, which covers the lower part of the current structure. Buyers reacted quickly in this zone as it had triggered some previous rebounds. Currently, the price of XRP is at $2.03 after a sharp intra-day drop that pushed the price close to the lower band of the regression channel. This channel directs movement in an orderly downtrend, and the lower band has been a key response zone for any downward movement.
At this point, buyers are observing a recovery trend that started from $2.23, which was the initial resistance point. The second resistance is near $2.53, which is the level corresponding to one of the major collapses in early fall. The broader structure also provides an opportunity to push to $3.00 if buyers support this area consistently.
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Ripple has secured an expanded MPI license in Singapore, which strengthens its presence in the region. This approval gives Ripple room to scale up its regulated payment services across a wider operational scope. The renewal enhances its ability to support fast and clear settlement channels for institutions, and reinforces Ripple’s commitment to regulatory clarity as they expand through Asia.
The broader license allows Ripple to serve banks, fintechs, and digital asset companies with more flexible payment rails. Such services reduce operating friction and make token-based settlements more accessible. Meanwhile, Asia continues to lead global adoption growth, which creates an ideal foundation for Ripple’s broader expansion plans.
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XRP spot net flows are currently experiencing deep outflows with the number of tokens leaving exchanges increasing daily. This outflow minimizes the availability of direct sales and results in a light supply in the event of a recall. The latest outflow of $22.21 million on December 1, was part of a similar drop in November.
This trend is usually an indication of silent storage as holders transfer tokens to their own storage. This move reduces selling pressure and supports the price of XRP as it trades near key support zones. In conclusion, the XRP price is near a zone that often triggers strong reactions during downturns. Buyers are still protecting this structure with a clear purpose, and this keeps the recovery in the spotlight.
With Ripple’s strengthened position in Singapore and a strong support zone underneath, XRP is showing significant recovery potential. These two factors, along with favorable technical indicators, provide a positive outlook for XRP price in the short to medium term.
XRP is a digital currency used in the Ripple payment network to facilitate the transfer of funds between different currencies.
The expanded MPI license from the Monetary Authority of Singapore (MAS) allows Ripple to enhance its regulated payment services and expand its reach in Asia, increasing trust and adoption.
XRP price is currently at $2.03, with a strong support zone below that could potentially trigger a price rebound if it continues to receive buyer support.
The outflow of XRP tokens from exchanges reduces selling pressure and supports the price of XRP, as it shows that holders prefer to keep the tokens rather than sell them on the market.
With a new license in Singapore and supportive technical indicators, XRP has a positive long-term outlook, especially if it can maintain support in the current price zone and surpass upcoming resistance.
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